NICL approves Rs3bn capex for Palmitic Acid, CPW expansion

Mettis Global reported that Nimir Industrial Chemicals Limited (NICL) has cleared Rs3.0 billion of spending for three projects. The board made the decision on September 9, 2026, and the company informed the Exchange through a notification.

The first project is a new Palmitic Acid plant, which will open a fresh business line and is aimed at livestock feed for dairy herds, with more products planned in that segment. The second involves widening the Chlorinated Paraffin Wax plant and the chlorine liquefaction unit that supplies its main raw material, since demand for the wax has climbed sharply after local production began. The third moves one oleochemicals plant from Sheikhupura to Hub in Balochistan.

The company expects the benefits of these outlays from FY28 onward. The Hub relocation is meant to strengthen its southern footprint, serve local demand and expand export options via sea routes.