Representatives from the Perstorp Executive Leadership Team were joined by government officials, employees and selected guests at a groundbreaking ceremony for the new plant held on Nov. 6.
The world scale, green-field Gujarat plant will produce Penta, including the renewable grades of Voxtar, providing up to a 60% reduced carbon footprint.
Construction of the Gujarat plant started in October, with commercial production planned to start in Q1 2022.
When fully operational, the site will employ 120 people and is designed to produce 40 KT of Penta per annum from 2022.
“The new Penta plant in India marks a major milestone in our growth strategy and we are confident that this will not only increase the security of supply for current, as well as new, customers but also further strengthen our position long term as a sustainable and reliable partner in this region," said Jan Secher, president and CEO.
“Perstorp is currently producing Penta at three different production plants around the globe: Germany, the US and Sweden," said Ulrika Andersson, executive VP business area Specialty Polyols & Solutions. "In February 2016, Perstorp signed a Memorandum of Understanding with Maharashtra Industrial Development Corporation as a step in evaluating the opportunity to invest in a new world-scale production plant for Penta in the country. However, after a thorough evaluation process, Gujarat was selected as the location."