The Hindu : Business : Navin Fluorine commissions ‘clean development’ project

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Friday, Aug 03, 2007
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Navin Fluorine commissions ‘clean development’ project

Special Correspondent

U.K. company offered the technology

First certification by SGS expected soon
Co. hopes to generate cash flows from 2008

CHENNAI: Navin Fluorine International Limited (NFIL), an Arivind Mafatlal Group company, on Thursday commissioned the clean development mechanism (CDM) project at its plant in Bhestan, Surat.

The CDM project was approved by the UNFCCC in March 2007 for generating 2.8 million tonnes of carbon emission reductions (CERs). The technology for the thermal oxidizer and the critical equipment and commissioning assistance was provided by Ineos Fluor.

“We are happy that the project, initiated to reduce green house gas emissions in June 2006 by introducing abatement technology by Ineos Fluor Ltd. of the U.K., has been completed on schedule. The first certification is expected to be carried out by SGS around end of August 2007 and we expect to generate cash flows from 2008,” a release quoted Vinesh Sadekar, Managind Director, as saying.

Navin Fluorine International Limited (NFIL) is the largest and one of the few integrated fluorochemicals complexes, manufacturing and marketing bulk and speciality fluorochemicals.

The company primarily focuses on three businesses — refrigeration gases, chemicals/bulk fluorides and specialty organofluorines — with manufacturing facilities at Surat in Gujarat and Dewas in Madhya Pradesh, the release added.W

Navin Fluorine has among its client list several fortune 500 companies. In the domestic market, Navin Fluorine’s customers include some well known names like Ranbaxy, Matrix, Aurobindo, Hetero, Orchid, Lupin and the like.

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