Swiss speciality chemicals company Clariant has finalised its joint venture with India Glycols (IGL) to manufacture renewable ethylene oxide (EO) derivatives, Clariant announced on 1 July.
The 51-49% joint venture, originally announced in March, had received all regulatory approvals and would operate under the name Clariant IGL Specialty Chemicals Private Limited, Clariant said.
IGL manufactures green technology-based, speciality and performance chemicals and also natural gums, spirits, industrial gases, sugar and nutraceuticals. It also manufactures oleochemicals such as fatty acids, fatty alcohols, fatty amines, castor oil and hydrogenated castor oil ethoxylates.
“Our partnership with India Glycols will make us one of the leading surfactant suppliers in India, with a focus on renewable solutions for home and personal care”, Clariant CEO Conrad Keijzer said.
The joint venture combines IGL’s renewable bio-ethylene oxide derivatives business, which includes a multi-purpose production facility including an alkoxylation plant located in Kashipur, Uttarakhand (India), with Clariant’s local Industrial and Consumer Specialties business in India, Sri Lanka, Bangladesh and Nepal.
To support production, India Glycols had agreed to a long-term supply agreement for ethylene oxide made from bio-ethanol as well as further utilities, Clariant said.
EO is used in the production of other chemicals for a range of industrial applications and consumer products, including household cleaners, personal care items and fabrics and textiles