Perstorp has invested in a new Pentaerythritol (Penta) production facility in Gujarat, India. The world scale, green-field Gujarat plant will produce Penta, including the renewable grades of Voxtar™, providing up to a 60 percent reduced carbon footprint.
Production Planned to Begin in Q1 2022
Representatives from the Perstorp executive leadership team, government officials, employees and selected guests were present at a groundbreaking ceremony for the new plant. The construction of Gujarat plant has already started, and the commercial production is planned to begin in Q1 2022. When fully operational, the site will employ around 120 people.
“
Perstorp is currently producing Penta at three different production plants around the globe: Germany, the USA and Sweden. India is a strategic market with a growing demand for coatings and Perstorp has planned to strengthen its foothold here for several years,” explained Ulrika Andersson, EVP business area specialty polyols and solutions.
Penta Production and Gujarat Investment
The investment will significantly expand Perstorp’s Penta production capacity, designed to produce 40 KT of Penta per annum from 2022. The Gujarat investment will reinforce Perstorp’s ability to meet growing demand, particularly in Asian markets, as well as offering various Penta qualities, including Penta Mono, Di-Penta and calcium formate.
Perstorp signed a Memorandum of Understanding (MoU) with Maharashtra Industrial Development Corporation (MIDC) in February 2016, as a step to invest in a new production plant for Penta. Gujarat was selected as the location after a thorough evaluation process.
Penta has a vast range of application areas, being an essential building block ingredient in antioxidants, coatings and synthetic lubricants.
Magnus Heimburg, CFO, commented “
As a chemical company our strategy is to maximize value from our production plants and find smarter ways to increase capacity within the existing facilities. However, this investment is critical for us to make a major leap in terms of growth. It is our firm belief that this is the right time and place to expand our business.”
Source: Perstorp