World-First Laundry Capsule in Market Made from Industrial Carbon Emissions – Advanced BioFuels USA advancedbiofuelsusa.info - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from advancedbiofuelsusa.info Daily Mail and Mail on Sunday newspapers.
Swiss chemical company Clariant AG forms JV with India Glycols
SECTIONS
Share
Synopsis
As per the terms of the agreement, India Glycols will contribute its renewable Bio-EO derivative business to the JV, which includes a multipurpose production facility including an alkoxylation plant located in Kashipur, Uttarakhand.
Clariant, spun off from pharmaceutical giant Sandoz in 1995, will be the dominant shareholder but the JV will be helmed by India Glycols CMD Uma Shankar Bhartia.
Swiss chemicals major Clariant AG has formed a 51:49 joint venture with Bhartia family-promoted
India Glycols to manufacture and market renewable ethylene oxide (EO) derivative products.
EO derivatives are a class of chemicals that have multiple industrial and consumer applications ranging from freezing agents and coolants for automobile engines to cosmetics.