Market and product

Paradip, July 15: The Paradip unit of the fertiliser cooperative major, Indian Farmers Fertiliser Co-operative Ltd., (IFFCO), has embarked on commercial trading of surplus phosphoric acid, company officials said here today.

The company has achieved self-sufficiency in phosphoric acid manufacture and now with its production scaling to surplus level, the commercial trade of the surplus acid is in full swing, said D V Suri, Advisor (personnel and administration) of the plant.

Since its take over from Oswal Chemical and Fertiliser Limited in 2005, the fertiliser manufacturing plant has turned surplus in phosphoric acid production.

At present IFFCO has registered 100% capacity utilization of its Phosphoric acid plant at the Paradip Unit. It has produced 2700 MT Phosphoric Acid on 10 July, 2010 as against the installed capacity of 2650 MT/Day.

The plant has a total capacity of 8.745 Lakh tonne/annum of Phosphoric acid. IFFCO Paradeep is now the country's largest phosphatic fertilizer complex with world's largest single stream phosphoric acid plant, the officials claimed.

Recently, the company's Kandla unit has become the first buyer of phosphoric acid, said D V Suri, Advisor (personnel and administration) of the plant.

With this, the Paradip plant will operate at higher load and will improve financial viability of Paradip unit in the present competitive fertilizer sector, he said.

For the export of acid, IIFCO Paradip has started a 6 km long pipeline from plant site to the jetty along with necessary pumping arrangement. The first ship was loaded on July 12 with export of 8000 tons of acid.

"It is now planned that export will be doubled from next month. This is a major achievement since the unit started operating in 2005 and the complete project has been commissioned in a record time of six months," Suri added.

(Source: KalingaTimes)