Guwahati, March 6: Numaligarh Refinery Limited has now become the first Indian oil company to penetrate the Myanmar wax market, which was dominated by China till now.
A total order of 720 metric tonnes of wax has been received from Myanmar, out of which the first consignment of 100 metric tonnes of fully refined paraffin wax was dispatched from NRL's marketing terminal at Numaligarh on March 4.
Official sources said the deal materialised when minister of state (in charge) for petroleum and natural gas Dharmendra Pradhan visited Myanmar from February 20 to 23 to explore business opportunities. Senior officials of NRL were with the minister during the visit.
With entry into Myanmar, NRL has exported 2,264 metric tonnes of wax to 11 countries - Mexico, Kenya, Nepal, Bangladesh, Nicaragua, Thailand, Hong Kong (China), Brazil, Indonesia, Dominican Republic and Myanmar.
NRL has also received an order for 100 metric tonnes of wax from the central American nation of Guatemala, which will be dispatched in a day or two.
"There is huge demand for wax from NRL and orders are coming fast," an official said, adding it has captured a large chunk of the market.
The refinery has already launched an online portal for sale of paraffin wax. Customers can now place online orders for paraffin wax from NRL's wax plant by visiting their website, www.nrl.co.in.
According to sources, NRL's project will help cut down wax imports by 50 per cent and save the country Rs 500 crore every year.
NRL commenced sale of paraffin wax in the domestic as well as the export market since commissioning of its wax plant, the largest single unit producing wax in the country.
NRL's wax plant was dedicated to the nation by Prime Minister Narendra Modi on February 5 last year.
The 50,000-metric tonne wax plant commissioned in March 2015 at a cost of Rs 676 crore was developed with indigenous technology by the Indian Institute of Petroleum, Dehradun, Engineers India Limited and NRL.
Paraffin wax is produced only in refineries which have wax production units. It is used in making candles, tarpaulin sheets, food wrappers and in PVC pipe manufacturing while microcrystalline wax finds widespread application in the manufacture of tyres, rubber products, paints and polishes, pharmaceuticals and cosmetics.