US-based specialty chemical company Lubrizol Corporation has announced investment commitments of over US$ 150 million across several projects in its portfolio in the country.The proposed investment will go into building the world’s largest CPVC resin plant at Vilayat in Gujarat in partnership with Grasim Industries; doubling its CPVC capacity at its Dahej Gujarat plant to 1.4 lakh tonne; opening a second grease lab in Navi Mumbai, the Berkshire Hathaway-owned company.
With this investment, Lubrizol becomes the only company in India with end-to-end CPVC capability. This plant will also cater to Nepal, Bangladesh and Indonesia. The company said it is also planning to enhance the capacity at its grease lab in Turbhe, in Navi Mumbai by opening a new lab to support the testing and development of calcium sulfonate greases as per reports.