Mitsui Chemicals, Itoh Oil Chemical Signs joint Venture Agreement With Jayant Agro-Organics Ltd To Produce Bio-Polyol
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Mitsui, Itoh Oil, Jayant Agro-Organics JV for bio-polyol in India

10:55 AM, 11th September 2013
Mitsui Chemicals Business News

TOKYO, JAPAN/MUMBAI, INDIA: Mitsui Chemicals Inc and Itoh Oil Chemical Co Ltd signed a joint venture agreement with India’s Jayant Agro-Organics Ltd for the establishment of the company in India to produce ‘bio-polyol,’ the main raw materials of which are non-edible plant derived fatty acid.

The joint venture will make ‘bio-polyol’ cost competitive with fossil derived polyol, allowing Mitsui Chemicals to target further expansion of automotive application sales on its own and through its six system houses strategically located throughout Asia. The partnership of the three companies who bring their own unique strengths to the table in India, where 80 per cent of the world’s castor oil are produced, will establish a stable supply base for overwhelmingly cost competitive bio-polyol.

 

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