Page 132 - CW E-Magazine (24-6-2025)

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SUPPLY CHAIN INITIATIVE “This adjustment is meant to sta- The government has asked edible thereby strengthening domestic
INOX launches India’s fi rst ultra-high-purity ammonia bilize edible oil prices and ensure that oil associations to instruct their mem- refi ning capacity while discouraging
imports of refi ned oils like Palmolein.
consumers receive the full benefi t of the bers to pass on the benefi t to consu-
ISO tank container reduced duty,” said the Department of mers without delay. Updated brand- This shift is expected to not only en-
Food and Public Distribution (DFPD), wise MRP sheets are to be shared hance the viability of domestic refi ne-
which convened a high-level meeting weekly with the DFPD, which has ries but also maintain fair price reali-
INOX India Ltd., one of the world’s with leading edible oil associations and already issued a standard format for zation for farmers. “Import duty on
leading cryogenic technology solutions industry stakeholders earlier this week. data collection. edible oils directly affects their landed
providers, has announced the launch During the meeting, industry players cost and thereby impacts domestic
of India’s fi rst ultra-high-purity (UHP) were advised to immediately revise the Offi cials noted that the widened prices. By reducing duty on crude
ammonia T-50 ISO tank container. This Price to Distributors (PTD) and Maxi- 19.25% duty differential will help oils, we are supporting both consumers
groundbreaking innovation is a signifi - mum Retail Prices (MRP) in line with redirect demand toward crude edible and the domestic refi ning industry,” the
cant contribution by INOX India towards the reduced import costs. oils – particularly Crude Palm Oil – DFPD said in its statement.
strengthening the semiconductor and solar
panels ecosystem globally. ENGINEERING & INNOVATION

The ultramodern tank container, de- Toyo and MODEC inaugurate Global Capability Centre
signed, engineered and manufactured by
INOX India, is engineered to withstand in Bengaluru
high pressures levels. Built to meet the
highest international standards including Toyo Engineering Corporation (a next three years. The recruitment drive “The GCC in Bengaluru will serve
ASME Sec VIII, Div-1 with U-designated subsidiary of Toyo Japan) and MODEC will primarily target engineering roles, as a strategic hub to support global
construction, the ISO tank incorporates in- ally, for providing a fail-safe protection, and demonstrates our commitment to have offi cially inaugurated their joint including mechanical, civil, electrical, projects, enhance engineering capabili-
novative technology specifi cally designed the ISO tank comes with a spring-actuated supporting the growth of semiconductor Global Capability Centre (GCC) –Toyo and instrumentation. ties, and drive digital transformation.
for ultra-high-purity ammonia applications. emergency shut-off mechanism, facilita- manufacturing across the world,” said MODEC OFS India (OFS India) – in It also represents our long-term com-
ting valve closing remotely. Deepak Acharya, CEO, INOX India. Bengaluru, strengthening their global OFS India, formed in 2022, is a joint mitment to India, generating hundreds
Core feature operations and expanding engineering venture between Toyo Engineering India of high-quality job opportunities and
The state-of-the-art ISO tank is engi- “By developing India’s fi rst UHP am- Certifi cations received capabilities from India. and Offshore Frontier Solutions (a MO- contributing to India’s emergence as
neered for unparalleled product integrity. monia ISO tank container with world-class The ISO tank has received a full suite DEC Group company). In addition to a global engineering and innovation
Its core feature is a high-precision internal specifi cations, we are not just creating a of certifi cations, including UN Portable The newly opened centre currently engineering services, the company plans centre,” Takashi Kawahara, Managing
fi nish with a surface roughness below 0.3 product, but enabling an entire ecosystem Tank T-50, ADR, RID, ISO 1496-3, CSC, houses nearly 200 professionals and is to incorporate procurement capabilities Director, Toyo India and Chairman,
RA, a standard extended to all piping ele- that will accelerate semiconductor and so- US-DOT, and IMDG. These certifi cations set to scale its workforce to 750 over the into its operations in the near future. OFS India, said.
ments with orbital-welded joints to guaran- lar panel manufacturing capabilities across make the tank export-ready and capable
tee the highest level of purity for ammonia. the world, and reduce our dependence on for adding strength to the global UHP gas WASTE UTILISATION
This commitment to quality is matched by imports for critical industrial equipment. supply chain as well, besides ensuring Report on gainful utilisation of Red Mud released
advanced rock wool insulation with poli- We are sure that our ultra-high-purity versatile transportation via rail, road, and
shed stainless-steel cladding for superior ammonia tank container addresses a critical ocean, offering customers maximum The Council of Scientifi c and Indus- Development and Design Centre technological advancements and feasi-
thermal and acoustic protection. Addition- supply-chain need in the global market logistical fl exibility. trial Research – Institute of Minerals and (JNARDDC), Nagpur, ALONG with bility for further scaling up solutions

POLICY MOVE Materials Technology (CSIR-IMMT), industry partners – Hindalco Industries for industrial deployment.
Bhubaneswar, hosted a meet to market Ltd. (HINDALCO),Vedanta Ltd., and
Centre slashes import duty on crude edible oils the release of a report on holistic utili- National Aluminium Company Ltd. NITI Aayog has identifi ed several

to curb infl ation sation Red Mud, a major industrial (NALCO). secondary resources for rare earth
extraction. Interestingly, red mud is a
by-product of alumina production.
The project focused on develop- highly promising source of scandium,
In a major policy move aimed at con- tial between crude and refi ned edible oils landed cost of crude oils and reduce retail The report is the culmination of a ing integrated process fl owsheets for a material more enriched than native
taining food infl ation and boosting domes- from 8.75% to 19.25%, making imports of prices for consumers. The government national project on utilisation of this comprehensive utilisation of Red Mud, bauxite. Scandium is critical for creat-
tic refi ning, the Centre has reduced the Ba- refi ned oils less attractive. had previously hiked duties in September waste jointly undertaken by CSIR- with the objective of recovering valu- ing advanced aluminium alloys that are
sic Customs Duty (BCD) on crude edible 2024, a move that, combined with rising IMMT, CSIR-National Metallurgical able metals such as iron, alumina, tita- widely used in the defence, aerospace,
oils – including crude sunfl ower, soybean, The revised duty structure, announced international prices, led to a sharp spike in Laboratory (CSIR-NML), Jamshedpur, nia, and rare earth elements (REEs). The maritime, and automotive sectors. India
and palm oils – from 20% to 10%. The de- after a comprehensive review of escalating domestic edible oil rates and contributed the coordinating laboratory, and report, which was released by Dr. V.K. currently lacks primary sources of these
cision effectively raises the duty differen- edible oil prices, is expected to lower the signifi cantly to food infl ation. Jawaharlal Nehru Aluminium Research Saraswat, Member, NITI Aayog, details minerals.

132 Chemical Weekly June 24, 2025 Chemical Weekly June 24, 2025 133

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