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Shivtek Spechemi Plans ₹150 Crore Gujarat Expansion

• By  Textile Excellence
• August 15, 2026

Specialty chemicals manufacturer, Shivtek Spechemi Industries is putting ₹150 crore behind a new greenfield chemical complex at Pungam, Ankleshwar, Gujarat, combining specialty chemical capacity with an ambitious clean-fuel experiment for shipping.

Spread across about 21 acres, the project will be developed in two phases and eventually add 1,44,000 MTPA of capacity. The first phase, targeted for commissioning by March 2027, will contribute 84,000 MTPA, serving pharmaceuticals, agrochemicals, personal care, textiles, industrial coatings and water treatment sectors.

The second phase will add another 60,000 MTPA, but its real headline is the planned pilot work on methanol-to-gas and hydrogen fuel technologies for the shipping industry.

That gives the project a second dimension. Shivtek is not just adding chemical capacity; it is testing technologies linked to one of the toughest decarbonisation challenges, cleaner marine fuels. 

The second phase will add another 60,000 MTPA, but its real headline is the planned pilot work on methanol-to-gas and hydrogen fuel technologies for the shipping industry. That gives the project a second dimension. Shivtek is not just adding chemical capacity; it is testing technologies linked to one of the toughest decarbonisation challenges, cleaner marine fuels.