Page 45 - Plastics News November 2020
P. 45

CCEA orders to pack food grains in diversified jute bags

                                                                 would be initially placed via reverse auction on the Gem
                                                                 portal.  CCEA  in  its  statement  said,  “Considering  that
                                                                 nearly 3.7 lakh workers and several lakh farm families
                                                                 are dependent for their livelihood on the jute sectors,
                                                                 the government has been making concerted efforts for
                                                                 the development of jute sector; increasing the quality
                                                                 and  productivity  of  raw  jute,  diversification  of  jute
                                                                 sector and also boosting and sustaining demand for jute
                                                                 products.”The  jute  industry  welcomed  the  decision,
                                                                 which will ensure demand for jute packaging materials
                                                                 for 55 mills in West Bengal. Additionally, it will support
                                                                 farmers and workers from the Eastern and North Eastern
                                                                 regions of the country particularly Bihar, Odisha, Assam,
                                                                 Andhra Pradesh, Meghalaya and Tripura. Indian Jute Mills
             he Indian  Cabinet Committee on Economic Affairs
          T(CCEA)  has  made  it  mandatory  to  pack  100%  of   Association former chairman Sanjay Kajaria was quoted
          foodgrains  in  diversified  jute  bags,  20%  sugar  in  jute   by  The  Times  of  India  as  saying:  “We  welcome  the
          bags. Chaired by Indian Prime Minister Narendra Modi,   decision  taken  by  the  Union  Cabinet  today  amid  the
                                                                 Covid-19 crisis. It will help jute farmers and workers. It is
          the  committee  also  approved  20%  of  sugar  to
          mandatorily  be  packed  in  diversified  jute  bags.  The   the best Diwali gift for the sector.” In April this year, the
          Government  has  also  noted  that  the  mandatory     Government of India's Ministry of Textiles extended the
                                                                 limit  for  high-density  polyethylene  (HDPE)/
          packaging norms' scope has been expanded “under the
          Jute Packaging Material (JPM) Act, 1987”. In addition,   polypropylene  (PP)  bags  to  cover  current  issues  of
                                                                 packaging food grains.
          10% of the indents of jute bags for packing foodgrains

         PDH complex project in Mundra put on hold

             conomic uncertainties caused by the pandemic have
          E led  to  put  on  hold  the  set  up  of  a  USD  4-billion
          chemical  complex  in  Mundra  Gujarat.  The  plant
          comprising  a  world-scale  propane  dehydrogenation
          (PDH)  plant,  a  polypropylene  (PP)  production  and  an
          acrylics value chain complex was initially decided to be
          set  up  in  partnership  with  Adani  group,  Adnoc  and
          Borealis, but has been   put on hold due to economic
          uncertainties caused by the COVID-19 pandemic despite
          the  joint  Feasibility  study  for  the  complex  being
          finished. In October 2019, billionaire Gautam Adani-run
          Adani Group had forged a partnership with the UAE''s oil
          firm Adnoc,  BASF  and Austria''s  Borealis  to  study  the   planned location at Adani's Mundra site would enable
          feasibility  of  setting  up  the  USD  4-billion  chemical   access  to  a  world-class  port  and  renewable  energy
          complex at Mundra in Gujarat. As part of a four-party   supply. The global economic uncertainties caused by the
          Memorandum  of  Understanding  (MoU),  signed  on      pandemic have led the Partners to review the timing for
         October  4,  2019,  Abu  Dhabi  National  Oil  Company   undertaking  this  investment.  Despite  all  attempts  to
         (“ADNOC”), Adani Group (“Adani”), BASF SE, Germany      optimize the scope and the configuration, the project
         (“BASF”) and Borealis AG (“Borealis”), (jointly referred   has been put on hold.   The Partners remain convinced
         to  as  “Partners”)  have  completed  a  Joint  Feasibility   about  the  strong  fundamentals  represented  by  the
         Study  for  a  chemical  complex  in  Mundra,  India.  The   Indian market and agreed to periodically explore market
         project  study  comprised  a  world-scale  propane      conditions and discuss any opportunity that may arise
         dehydrogenation  (PDH)  plant,  a  polypropylene  (PP)   over time.
         production  and  an  acrylics  value  chain  complex.  The



           NOVEMBER  2020                                    45                                     Plastics News
   40   41   42   43   44   45   46   47   48