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EPCL board decided to scrap LABSA project

EPCL board decided to scrap LABSA project

admin-augaf by admin-augaf
August 11, 2021
in Business
Reading Time: 1 min read
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EPCL board decided to scrap LABSA project

EPCL board decided to scrap LABSA project

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Karachi 11, August, 2021: Engro Polymer & Chemicals Limited has informed PSX that its Board of Directors in their meeting held on August 10, 2021, have decided not to pursue the earlier announced Linear Alkyl Benzene
Sulphonic Acid (LABSA) project.”

EPCL is also in the process of introducing new products to its product offering, namely Hydrogen per oxide and LABSA (Linear Alkyl Benzene Sulphonic Acid). This will not only help increase revenues but also offer product diversification for the Company. Caustic Soda flakes plant was commissioned in 2019 and has also started commercial production.


A L S O || R E A D

EPCL Distribute PKR 7 Per Share To Shareholders


EPCL in 2019 that has announced capital expenditure of USD 22 mn for investment in High Temperature Direct Chlorination (HTDC) project to improve power efficiency and reduce carbon footprint and addition of production facility of Linear Alkyl Benzene Sulphonic Acid (LABSA) with an annual production capacity of 24,000 M.T.1 These projects will be funded through internally generated cash.


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Tags: pakistan stock exchangePSX
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