India: Bio–Based Chemicals Mitsui Chemicals Opens a Bio-Polyol Joint Venture in India
Mitsui Chemicals & SKC Polyurethanes Inc (MCNS) have launched a joint venture bio-polyol manufacturing company in India, Vithal Castor Polyols (VCP).
New Delhi/India – At the launching ceremony, Co-CEOs, MCNS, Ki Don Won and Hiroyasu Ishimaru and Jayant Agro-Organics Ltd, Chairman Abhay V. Udeshi addressed the guests, which included ministers from the South Korean and Japanese missions in India and other important persons.
VCP was established as a joint venture of Mitsui Chemicals, Itoh Oil Chemical, and India's Jayant Agro-Organics. The company aims to manufacture and sell bio-polyol using Indian castor oil from non-edible plants as a main raw material. 80 per cent of the world’s castor oil is produced in India. VCP’s manufacturing plant in India, which commenced commercial operations this January, will allow the company to stably supply overwhelmingly cost competitive bio-polyol.