GNVFC's chemical wing: A performance report – 8 Feb 2022

GNVC has the following to say about its chemical segment performance

Pandemic resurgence impact so far has been minimal on business except on TDI

Energy prices are at an all time high in many cases like Natural Gas, Oil and Coal

Due to steep divergence in Gas and Methanol prices, the methanol requirements are met based on 'Make Vs. Buy' approach so as to reduce overall costs

Buoyancy in chemical sales continues

Brown field projects like CNA and Formic Acid are on course, TDI-II debottlenecking is practically over