GUWAHATI, Feb 3: Prime Minister rendra Modi will dedicate NRL’s recently commissioned Wax Plant to the tion February 5 at a public function to be held at Dibrugarh, NRL authorities said in a statement today.
The 50,000 metric tonnes (MT) Wax Plant commissioned in March 2015 at a cost of Rs. 676 crores is the country’s largest Wax producing unit with indigenous technology developed by IIP Dehradun, EIL and NRL, it said.
Leveraging on the inherent properties of wax rich crude oil from the oil fields of Assam, the plant is designed to produce superior quality paraffin and semi-microcrystalline wax and is a worthy manifestation of the ‘Make in India’ campaign of the Govt. of India.
At present, a major part of the country’s annual demand for Paraffin Wax along with the entire demand for Microcrystalline Wax is being met through imports. NRL’s Wax plant will minimize the supply deficit in the domestic market substantially, thus reducing imports. NRL is also exploring opportunities to export Wax to the neighbouring countries aligning with the ‘Act East Policy’ of the Govt. of India.
The Wax Plant will also open up opportunities for ancillary industries to thrive while creating avenues for large scale employment. The utility of Paraffin Wax lies in making candles, tarpaulin sheets, food grade wrappers and in PVC pipe manufacturing industries while Microcrystalline Wax finds widespread application in the manufacture of tyres, rubber products, paints and polishes, pharmaceuticals and cosmetics.