>HHHHHYYYY at 14:00, 29 August 2021

2021-08-29T14:00:39Z

New page

{{Short description|Semi-govermental Indian company}}{{Use dmy dates|date=July 2019}}
{{Infobox company
| name = Assam Petro-Chemicals Limited
| logo =
| logo_size = 170px
| type = [[Public company|Public]]
| traded_as = {{BSE|506267}}
| founders =
| foundation = 1971
| location_city = [[Namrup]], Assam
| location_country = India
| area_served =
| key_people = Bikul Ch.Deka
([[Chairman]])<br> Bikul Ch. Deka (Vice-Chairman)<ref>{{cite web | url=http://assampetrochemicals.com | title=Board of Directors | accessdate=12 June 2019 | archive-url=https://web.archive.org/web/20181015175705/http://www.assampetrochemicals.com/ | archive-date=15 October 2018 | url-status=live | publisher=Assam Petro-Chemicals Limited }}</ref>
| industry = [[Chemical industry|Chemicals]]
| products = Industrial [[Chemical substance|chemicals]]
| revenue =
| operating_income =
| net_income =
| assets =
| equity =
| owner = {{Unbulleted list|Government of Assam (36.41%)|Oil India Limited (48.71%)|Assam Industrial Development Corporation (11.53%)}}<ref>{{cite web | url=http://assampetrochemicals.com/ | title=Share Holding Pattern | date=7 March 2019 | accessdate=12 June 2019 | archive-url=https://web.archive.org/web/20181003211552/http://www.assampetrochemicals.com/ | archive-date=3 October 2018 | url-status=live | publisher=Assam Petro-Chemicals Limited }}</ref>
| num_employees =
| parent =
| divisions =
| subsid =
| homepage = {{URL|http://assampetrochemicals.com}}
}}
'''Assam Petro-Chemicals Limited''' is a semi-governmental Indian company with major stakes held by [[Government of Assam]], [[Oil India Limited]] and Assam Industrial Development Corporation (AIDC).<ref>{{Cite web|url=https://www.sentinelassam.com/news/assam-petro-chemicals-limited-bags-skoch-gold-award/|title=Assam Petro-chemicals Limited bags Skoch Gold Award|date=2018-12-08|website=The Sentinel|language=en-US|access-date=2019-06-12|archive-url=https://web.archive.org/web/20181209020937/https://www.sentinelassam.com/news/assam-petro-chemicals-limited-bags-skoch-gold-award/|archive-date=2018-12-09|url-status=live}}</ref> The company was incorporated in 1971 and by 1976 had started production at their small [[methanol]] plant located at [[Namrup]] along with [[formaldehyde]] and a few [[urea-formaldehyde]] resins like urea-formaldehyde glue and urea-formaldehyde moulding powder. Post expansion in 1989 and 1998, the company expanded the methanol plant to the capacity of 100TPD (tonnes per day) and formaldehyde plant to 100TPD.<ref>{{cite web |url=http://assampetrochemicals.com |title=Assam Petro-chemicals Limited – About us |date=2015 |accessdate=12 June 2019 |url-status=live| publisher=Assam Petro-Chemicals Limited }}</ref> The company announced in September 2017 that it would invest {{INR Convert|1337|c|lk=on}} and expand to produce 500TPD methanol and 200TPD [[formalin]] and become the largest producer of methanol in India.<ref>{{cite news |url=https://economictimes.indiatimes.com/industry/energy/oil-gas/assam-petrochemicals-limited-to-invest-rs-1337-crore-to-set-up-second-unit/articleshow/60818252.cms |title=Assam Petrochemicals Limited to invest Rs 1337 crore to set up second unit |newspaper=Economic Times |date=24 September 2017 |author=Singh, Bikash |accessdate=12 June 2019 |archive-url=https://web.archive.org/web/20180929151131/https://economictimes.indiatimes.com/industry/energy/oil-gas/assam-petrochemicals-limited-to-invest-rs-1337-crore-to-set-up-second-unit/articleshow/60818252.cms |archive-date=29 September 2018 |url-status=live }}</ref><ref>{{Cite web|url=https://www.telegraphindia.com/states/north-east/bjp-respects-all-views-sonowal/cid/1686202|title=BJP respects all views: Sonowal|website=The Telegraph|first=Tejesh |last= Tripathy | date= 3 May 2019 |language=en|access-date=2019-06-12|quote= Addressing the gathering after laying the foundation stone of a formalin plant ... The Assam Petro-Chemicals Limited will supply methanol, the raw material needed to make formalin (preservative), to this plant which will produce 200 tonnes of formalin daily. The plant, for which 163 bighas has been allotted by the government at Dhaknamari, is being set up at a cost of Rs 100 crore. }}</ref><ref>{{cite web | url=https://www.thehindu.com/news/national/other-states/indias-first-methanol-cooking-fuel-debuts-in-assam/article25137518.ece | title=India's first methanol cooking fuel debuts in Assam | work=The Hindu | date=5 October 2018 | accessdate=18 June 2019 | author=Karamakar, Rahul}}</ref> The required feedstock for these plants are [[natural gas]], [[urea]] and [[carbon dioxide]]. Natural gas, supplied by Oil India Ltd, is used as feedstock for methanol production.<ref name="first"/> Urea and carbon dioxide are supplied by Namrup Fertilizer Plant.<ref>{{cite book | url=https://books.google.com/books?id=czUyfP-hHTEC&q=%22Assam+Petrochemicals+Limited%22&pg=PA29 | title=The Anatomy of Rural Poverty in Assam | publisher=Mittal Publications | author=Atikuddin Ahmed | year=1987 | pages=29 | isbn=8170990092}}</ref>

==Methanol production==
The company is among the top five producers of methanol in India; the other four being [[Gujarat Narmada Valley Fertilisers & Chemicals]], [[Deepak Fertilisers and Petrochemicals Corporation Limited]], [[Rashtriya Chemicals & Fertilizers]] and [[National Fertilizers Limited]].<ref>{{cite web | url=https://niti.gov.in/writereaddata/files/Indias-Leapfrog-to-Methanol-Economy.pdf | title=India's Leapfrog to Methanol Economy | publisher=NITI Aayog | accessdate=13 June 2019 | author=Dr. Saraswat, V. K. |authorlink=V. K. Saraswat | pages=5}}</ref>

In October 2018, the company started a pilot project to use methanol as cooking gas in place of conventional [[liquefied petroleum gas]] (LPG).<ref name="first">{{cite web | url=https://timesofindia.indiatimes.com/city/guwahati/assam-petrochemicals-ltd-to-roll-out-countrys-first-methanol-based-cooking-fuel/articleshow/65998726.cms | title=Assam Petrochemicals Ltd to roll out country's first methanol-based cooking fuel | work=Times of India | date=28 September 2018 | accessdate=13 June 2019 | author=Kalita, Prabin | archive-url=https://web.archive.org/web/20180929160654/https://timesofindia.indiatimes.com/city/guwahati/assam-petrochemicals-ltd-to-roll-out-countrys-first-methanol-based-cooking-fuel/articleshow/65998726.cms | archive-date=29 September 2018 | url-status=live }}</ref><ref name="Sentinel">{{cite web | url=https://www.sentinelassam.com/news/pilot-project-on-methanol-as-cooking-gas-launched-at-assam-petrochemicals-limited-apl/ | title=Pilot project on methanol as cooking gas launched at Assam Petrochemicals Limited (APL) | work=The Sentinel | date=6 October 2018 | accessdate=13 June 2019 | archive-url=https://web.archive.org/web/20181006083007/https://www.sentinelassam.com/news/pilot-project-on-methanol-as-cooking-gas-launched-at-assam-petrochemicals-limited-apl/ | archive-date=6 October 2018 | url-status=live }}</ref><ref name="PIB">{{cite web | url=http://pib.nic.in/newsite/PrintRelease.aspx?relid=183996 | title=Launch of Methanol Cooking Fuel Program of India | publisher=Government of India | work=Press Information Bureau | date=5 October 2018 | accessdate=13 June 2019 | archive-url=https://web.archive.org/web/20190314192225/http://pib.nic.in/newsite/PrintRelease.aspx?relid=183996 | archive-date=14 March 2019 | url-status=live }}</ref> The company was the first in India to offer methanol as an alternative to traditional cooking fuel.<ref name="first" /> At the launch, the canisters, weighing {{Convert|1.2|kg}} each, were priced at {{INR|32}} each. Eighteen such canisters of methanol were equivalent to one LPG cylinder which is used for domestic cooking in India. The project was launched in support of [[NITI Aayog]] under their concept of "methanol economy" to reduce the cost of importing LPG.<ref name="first" /><ref name="Sentinel" /><ref name="PIB" />

== References ==
{{reflist|30em}}

==External links==
*{{Official website| http://assampetrochemicals.com}}

[[Category:1971 establishments in Assam]]
[[Category:Chemical companies of India]]
[[Category:Chemical companies established in 1971]]
[[Category:Companies based in Assam]]
[[Category:Indian companies established in 1971]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Assam Petro-Chemicals - Revision history

>HHHHHYYYY at 14:00, 29 August 2021