Plans to set up world scale MCA plant at Atul's facility in Gujarat
AkzoNoble and Atul have signed a Letter of Intent to explore the feasibility of setting up a manufacturing joint venture for the production of monochloroacetic acid (MCA) in India.The two companies plan to install a world scale MCA plant at Atul's facility in Gujarat, subject to necessary regulatory approvals. The intended joint venture will use chlorine and hydrogen manufactured by Atul to produce MCA, taking advantage of Atul's existing infrastructure and AkzoNoble's latest eco-friendly hydrogenation technology. The proposed facility will mainly serve the India MCA market, as well as meeting the captive requirements of Atul.
Powered by Capital Market - Live News
