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Markets :: Basic Chemicals :: Inorganic Chemicals :: Chlor-alkali

IFC to Invest in Meghmani’s Chlor-Alkali Unit

2:01 PM MDT | April 1, 2008 | Deepti Ramesh

International Finance Corp. (IFC; Washington), the World Bank’s private investment arm, will invest about $31.5 million in Meghmani Organics Ltd.’s (Ahmedabad, India) previously announced $138-million chlor-alkali plant at Dahej, India, Meghmani says. The plant will be built by Meghmani Finechem, a Meghmani subsidiary, and use environmentally friendly and energy efficient membrane-cell technology, Meghmani says. Meghmani is a pigments and agchems producer. IFC will invest $11.5 million and provide an additional $20 million as a long-term loan. The...

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