Gujarat Fluorochemicals


Gujarat Fluorochemicals Limited is an industrial refrigerant manufacturer in India. It is one of the largest producers of chloromethane, refrigerants and polytetrafluoroethylene.

History

The company was incorporated in 1987, is a subsidiary of Inox Leasing and Finance Limited. GFL has two manufacturing facilities in Gujarat, a refrigerant plant at Ranjitnagar near Ghoghmba town Panchmahal, and a PTFE facility at Dahej. It has two subsidiaries - Gujarat Fluorochemicals Americas LLC and Gujarat Fluorochemicals GmbH to cater Americana and European operations respectively.

Controversies

In 2000s, the company was embroiled in "shoddy practice" of destroying HFC 23, a byproduct released in the coolant-making process at its plant at Nathkuva village in Halol. In return, company was earning "lucrative" carbon credit. As per the 2010 Hindustan Times reporting, the company earned nearly half of its revenue for FY 2009-2010 from the sale of carbon credits.

Accidents