Matix Fertilisers and Chemicals has announced a ₹2,600 crore investment to diversify into the industrial and speciality chemicals sector. As part of this strategic expansion, the company will establish Eastern India’s first Iso-Propyl Alcohol (IPA) manufacturing plant, with a planned annual capacity of 50,000 tons (50 ktpa).
Strategic Location at Panagarh Industrial Park
Matix will integrate the upcoming IPA facility into its existing industrial complex at Panagarh Industrial Park, West Bengal. The complex already houses a 1.3-million-ton urea plant. The company plans to commission the IPA plant in FY2027, aligning with its long-term vision to expand its chemical manufacturing footprint in India.
Supporting Atmanirbhar Bharat Mission
Matix emphasized that this initiative reinforces its commitment to the ‘Atmanirbhar Bharat’ mission. It also contributes to developing a self-reliant industrial chemicals ecosystem in India. The move will reduce import dependence and enhance the availability of key raw materials for pharmaceutical and personal care industries.
Securing Raw Material Through Strategic Partnership
To ensure a steady and efficient supply of raw materials, Matix has signed a Memorandum of Understanding (MoU) with AdPlus Chemicals and Polymers. AdPlus is a step-down subsidiary of Haldia Petrochemicals. As reported by projectstoday.com, the partnership will facilitate a reliable domestic supply of Acetone, a vital input for IPA production.
