PRIVI SPECIALITY CHEMICALS LIMITED Annual Report 2020-21

19 Annual Report 2020-21 CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS Steps taken by the Company for utilizing alternate source of energy. • By recycling water, specific consumption of water has been brought down significantly to almost in some of the plants. • RO plant efficiency has been improved up to 60% and hence more water is recycled. • Rainwater harvesting done and same is used for process applications & gardening. • Refined & reused the drained lubrication oil & engine oil. • Recycled & reused the water in process washings & other processes and saved the water. • Natural Exhaust blowers at roof sheds are installed. • 4 dry vacuum pumps have been installed in place of ejectors to save steam & reduce effluent. • Started using biofuel in boilers which reduces the coal consumption. • Use of solar energy is under evaluation for the entire factory electrical consumption. Capital Investment on energy conservation equipment’s. • Two more VAMs installed in FY-21 for conservation of energy from flash steam & hot water • 4 dry vacuum pumps installed in FY-21 which has reduced the consumption of water & electricity. • 1MWCaptive power plant installed and commissioned in Unit -3. B. TECHNOLOGY ABSORPTION The efforts made towards technology absorption • General process intensification and improved recoveries has been carried out on multiple products. • Plant automation done in 3 plants thereby optimizing the manpower and improving safety and product consistency. • Developed process for continuous reaction instead of existing batch reaction. This will reduce the hazards, improve yield and reduce energy consumption. The benefits derived like product improvement, cost reduction, product development or import substitution • Developed a new product which is an import substitute and with non-conventional route. Solvent recovery distillation process has been replaced by new technology which gives higher yields. • Acetic acid recovery and recycle process has been established for phenol-based products. In case of imported technology (imported during the last three years reckoned from the beginning of the year under reference) Details of the technology imported The Company has not imported any technology during the last three years. The year of import Not applicable. Whether the technology has been fully absorbed Not applicable.