US$100m
hydro plant comes on stream in '08
Por
Louis B Homer
Trinidad Express
Port
Spain
Petroleumworldtt.com
04 24 07
A
New US$100 million company formed to manufacture
chemicals for the hydrocarbon and other industries
is expected to come on stream in late October
2008.
CariSal Limited will produce industrial salt,
caustic soda, bleach and calcium chloride for the
Trinidad market and for export.
CariSal will be associated with CariSal LLC of
New York, a chemical manufacturer that came on
stream last year and has since been expanding its
operations worldwide.
CariSal is expected to produce 100,000 metric
tonnes of caustic soda, 75,000 metric tonnes of
calcium chloride, 34,100 metric tonnes of hydrochloric
acid, and 53,300 metric tonnes of sodium hypochlorite.
The company will be located east of Yara Trinidad
Limited, the ammonia plant formerly known as Hydro
Agri, at Point Lisas.
Outlining the structure of the
company and its proposed world markets yesterday,
general manager
Roger Moore told members of the South Trinidad
Chamber of Industry and Commerce that "CariSal
is the preferred supplier of competitively priced
chlorine based products for the Caribbean and International
markets".
The disclosure was made at the chamber's monthly
energy luncheon held at Cara Suite, Claxton Bay.
Moore said the projected annual revenue of the
company was set at US$100 million and on completion
of the plant, 75 Trinidadians would be employed
full time at the factory.
The factory site is a 22-acre parcel of land which
was recently approved by Cabinet and the National
Energy Corporation.
Moore said in keeping with the requirements for
the establishment of new plants, the company had
submitted a complete package last year to the Environmental
Management Authority, and at its request further
details were sent this month.
He said interested partners in the new company
include Guardian Holdings, Seneca-a US company
that will provide technical and marketing expertise,
and Halliburton Trinidad Limited, which uses vast
amounts of calcium chloride in its oilfield operations.
Trinidad
Express
Friday, April 20th 2007
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