Jayant Agro Organics Ltd, an Indian oleochemical company, have entered into a joint venture agreement with two Japanese firms – Mitsui Chemicals Inc and Itoh Oil Chemicals Co Ltd – for manufacturing castor oil based polyols. The firms are investing in the equity shares of Vithal Castor Polyols Pvt Ltd in the ratio 50:40:10 respectively.
This is a second deal announced by Jayant Agro Organics this year. In April 2013, Jayant Agro entered into an agreement with Arkema, a French chemical company, to form a strategic joint venture through its subsidiary Ihsedu Agrochem Pvt Ltd (Ihsedu). According to the JV agreement, Arkema will acquire around 25% equity stake in Ihsedu. The JV aims to develop castor oil production, which will provide Arkema long term, secure and competitive access to the strategic raw material for the manufacture of its bio-sourced polyamides.
Get to know more about related derivatives:
- 2 Hydroxy Stearic Acid (12 HSA)
- BP Grade Castor Oil
- Methyl Undecylenate
- Methyl 12 HSA (Hydroxy Stearate Acid)
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