Category Archives: Castor OIl – Companies

Castor polymer to enlight automobile panels of Ford

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Castor oil is well known to act as a versatile feed material for the production of a diverse range of chemicals derivatives and polymers are one among the well known class of products derived from this edible oil. castor oil’ anomaly amidst numerous vegetable oils to yield diverse polymer types as polyurethanes, polyesters and poly-amides is greatly attributed to its constituent fatty acid, ricinoleate. From the days of its discovery, chemical exploitation over this substance in the industrial world is never ending to either produce new or polymers with improved functional properties.

To elucidate the comment, German polymer firm, BASF has made an alliance with Ford to supply with polyurethanes derived from castor oil for its automobile panels. Reports from the German manufacturer claim that their bio-product in addition to sustainability and GHG reductions offers its clients with tensile strength, softness and fascinating gesture in the instrumental panels of the vehicle. Ford’ advanced product development engineer also appreciated castor oil for its role in vehicle craftsmanship, mitigation of petrochemical usage and introduction of product novelty to their North American customers.

For reference: http://www.polyurethanes.basf.com/pu/KUInternet/KU/en_GB/content/intranews/News_2011/First_Castor_Oil_Based_Foam_in_the_2012_Focus

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Castor oil derived eyewears

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Castor oil is known well for its industrial applications and a new crown has been added up to  its credit when Italian fashion icon Gucci announced an eco-eyewear made from castor oil as a prime constituent.It has claimed that the rationale behind  the promotion of eco wears is to integrate environmental consciousness with fashion and further added that this latest eco-friendly product will perform on par to its synthetic counterparts.However no clear release of information has been made over the price of this elite product in the market.Reports say that Safilo Australia will overlook the commercial aspects of the eco-eyewear.It is optimistic to note a vital product in fashion, being made available on techno-economical and sustainable grounds.Functional efficacy of Castor oil yet again is proved and serves to be a true elixir in addressing the accessory demands of humans in a clean way.

For reference: http://www.ragtrader.com.au/news/gucci-invests-in-eco-eyewear

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Staticness in castor trade

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Castor oil is an industrial commodity with India ranks first in terms of global production and export.As the oil is exclusively designed for production of a broad range of chemical derivatives and coupled with varying demands from local and international markets,its prices continue to remain in a high degree of fluctuation.In the recent past,prices of castor oil and seed saw a giant leap but brought some negative consequences indirectly from the buyers.Currently demands for the castor oil have been subdued inspite of a relatively good supply and make a stagnant position in consignment bookings which can be indicated by the castor seed prices for the June delievery which closed at Rs:4520 per quintal showing only a modest rise of Rs:29 from its previous close.

Extreme dynamics in market supply and price volatility are not positive signs of a stable economy as they do not ensure a stable partnership between business partners in a long run which is what is seen in castor trading currently to a mild extent.By introducing regulatory measures in supply chain,conditions hope to recover and display sustainable dominance from the Indian castor market.

Dynamics in Government export policies and impact on castor oil

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Castor oil business is one of the powerful marks in the Indian export right from the days of  past.Current estimates account for a foreign exchange of Rs:8000 million from an export of over 200,000 tonnes of castor oil for the nation but the trend is not a constant process when a sudden depression was noticed in the castor oil export from India in 2008.The prime reason was an unexpected notification from The Ministry of Commerce,India stating a ban on the export of castor oil and other oils derived from woody tress.It was reported that the files pertaining to the export castor oil were not processed with reference to ban and ultimately made a halt in the exchange of castor goods.  The Government on the other hand declared that their decision was with the motto of welfare.It resulted in  manufacturers and traders to remain displeased over the existence of prohibition on concerned commodities.

From a mass point of view, the authouritarian’ move may sound positive and optimistic but it does not seem to hold up its credit under all the the circumstances especially with cases like castor as the entire world depends on Indian raw material for generation of industrially potent chemicals.As the responsibilities the export and import partners carrying in their business deal are something immense,they should not be denied and taken as granted by the National Government in the implementation of their emergency policies.So it is on par vital that the Government must realize and understand the commitments of entrepreneurs,traders and business personals in their legal export activities and appropriate negotiations are to be compulsorily executed in advance so as to achieve a timely regulation in export and revenue generation without severe loss for both sides.It is not alone an issue of economics but words of promise and prestige that our exporters vow upon to loyal business colleagues abroad in trading. So circumstances such as this should not arise unless otherwise an extreme condition prevails.

For reference:http://www.thehindubusinessline.com/todays-paper/article1619902.ece

Joint entrepreneurships in Indian castor oil market

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Industrial ventures and merges are in progression in castor oil business currently. As the prices and supply demand continue to surge in this oil sector,bulk manufacturers have obviously realized that it is the collaboration as a strategic tool to cope up with this dynamic trend for a successful run in production of castor oil.

Two Indian castor oil giants namely Adani Wilmar and NK Industries  from the Gujarat state have entered into an agreement for joint venture-ship in production of castor oil.As per the press release from the concerned sources,the unit functions under the name AWN Agro Ltd and commences its operation from May.The industrial partners also stated that their production capacity is 3000tonnes oil per day from the current production infrastructures.However no clear information has been presented regarding financial status of the new facility as the managing director of Adani Wilmar,Mr:Pranav Adani claimed that it is quite early to declare fact sheets. The joint proposal was even appreciated by Mr:Vittal Udeshi,Chairman of Jayant Agro Organics Ltd over the business expansion.

It is interesting to watch the business proceedings and the shifts with respect to the availability of raw materials.It seems to be condition tolerated by firms who are well rooted in their respective ventures but is a matter of concern for  new entries to achieve a sustainable stand.

For reference: http://m.economictimes.com/PDAET/articleshow/8062780.cms

Castor biodiesel run in Ethiopia

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The concept of renewable energy has really taken momentum all around the world as the African nation Ethiopia has made moves to initiate ventures on bio-diesel production from castor oil.The prime objective is to reduce the energy burden of the nation since experts  claim that Ethiopia allocates 90% of its foreign revenue to fossil fuel import and hence focus has been applied to exploit the renewable resources for ensuring the sustainability in nation’s economy.

Among the leading Ethiopian energy investors,Global Energy Ethiopia(GEE) has started its operation on renewable energy  since 2007 by pumping US$ 20 million into castor and jatropha seed farming and processing business.According to sources,GEE firm has an opportunity to process 40,000 tonnes of vegetable oil in its investment on concerned bioenergy crops from 30,000 hectares of leased land.Besides GEE, other firms namely Eco Energy has also entered into  bio-energy sector with collaborations from abroad.

According to Ethiopian Investment Agency(EIA),the potential of 25 million hectares of land suited for bio-diesel farming when tapped completely,Ethiopia becomes one of the highest producers of bio-diesel with an estimated capacity of 20 million liters of crude vegetable oil.

Reports such as this are motivating because the nations that have been torn by the economic crisis,civil wars and political instabilities, would have a tremendous scope to lift their socio-economic and environmental consciousness at the competitive International stage.

For reference: http://energybusinessdaily.com/renewables/ethiopia-sets-its-sights-on-biodiesel/

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Novel nylons from castor oil

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Nylon is a  polymer with a wide spectrum of industrial applications.It is generally available in different grades depending on the nature of monomeric constituents of which Nylon6,10 and Nylon 11 are of special attention as their constituents are derived from castor oil.

Nylon 11 is a modern day polymer first produced by Arkema,France in 2009 by utilizing a castor oil derivative, aminoundecanoic acid which is unique to serve as a reactant for polymer synthesis by self-polycondensation. According to the firm,they commercialized the product as Rilsan and claims that the technology is accessed by firms Japan’ Unitika and Monnet and Sofila of France and proved to be satisfactory.They further claim that the products generated from Nylon 11 are dimensional stability, abrasion and thermal resistance etc.

In spite of its advantages,sources say that the yarns seem to be expensive and non biodegradable which may tend to raise the environmental and industrial concerns over the large and long range application of this wonderful polymer

For reference:http://findarticles.com/p/articles/mi_hb6547/is_2010_Nov/ai_n56249443/?tag=content;col1

Castor cultivation emerging in Brazil

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Castor cultivation extensively is practiced throughout the world for it industrial oil.Recently, Brazilian firm Eco-carbone has made it’s entry into castor venture and claims that the firm has launched a pilot scale production of castor in 1100 hectares of rainfed and irrigated lands hired on rent basis.The anticipated production of castor seed would be around 2300 tonnes per annum.They say that the objective behind this investment is to accelerate the cultivation of castor in Brazil as demand for castor oil and its derivatives are globally increasing.In addition, castor proves to be a viable alternative to Jatropha for the bio-diesel production in Brazil.

It is important to note that Brazil is an excellent agro-climatic zone for the cultivation of castor but its current day production is way behind India.Therefore initiatives of such types would have a deep impact in understanding the potential of this oilseed crop in right geographical zones for economic and employment prosperity.

For further reference:http://www.eco-carbone.com/index.php?Firstlevel_ID=15&lang=en

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Plant oil stoves as alternate sources of energy

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Bio-fuel from renewable resources has extended its roots to kitchens as well.The German Firms, BSH Bosch and Siemens Hausgeräte GmbH (BSH) have introduced a new plant oil stove “The Protos”. They claim that their eco-friendly stove operates by sustainably generated bio-fuels from castor and other edible oils. It has a great potential to minimize the demand for wood fuels among the rural people.Further, its ecological significance can be best understood by its ability to reduce seven tonnes of carbondioxide emissions per year. After a successful preliminary testing from 2004 to 2006, the firms have sold about 800 plant oil stoves so far in Philippines and plans have been made to evaluate the performance of “The Protos” in other nations including India, Indonesia, South Africa and Tanzania.

Plant oil stoves are extraordinary alternate energy sources for household purposes but needs a complete profile regarding its biosafety, stability to liberate energy and a well defined production technology and volume to feed the stoves to achieve an uninterrupted supply of energy.

For Further Reference:http://www.siemens.com/sustainability/en/sustainable/protos.htm

Mozambican firm plans to establish a Castor oil plant:

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Mozambican newspaper Notícias reported that the firm, Miranda Caju has decided to install a Castor oil extraction plant worth US$3.5 million, with a production capacity of 6000 tonnes oil on an annual basis. This initiative was made after a mounting demand from the Cashew processors to use hydrogenated Castor oil for the shelling process in Cashew. They plan to cultivate the necessary castor in Meconta district that will provide only 12% of the raw material but the firm has already promoted the castor cultivation in the neighboring districts of Zambézia, Niassa and Cabo Delgado to satify the demands. The sources also informed that a part of the production will even be exported to other countries including South Africa and United States.

For details: http://www.macauhub.com.mo/en/news.php?ID=10962