Chennai-Deepak Fertilisers and Petrochemicals Corp. expects to invest up to $160-million in capital expenditures (CapEx), which will be backed by a $60-million investment package from the International Finance Corp. (IFC), according to local sources. In India, the company will expand the production and distribution of specialty fertilizers, and boost isopropyl alcohol production capacity by 100,000 t/y. A schedule for the project was not given.
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