IHS Chemical Week

Arkema takes minority stake in Indian castor oil producer

11:43 AM MDT | April 11, 2013

Arkema says it has signed an agreement with Jayant Agro (Mumbai) to acquire a 25% stake in Ihsedu Agrochem (Mumbai), a subsidiary of Jayant Agro specializing in the production of castor oil. The joint venture aims to develop castor oil production to provide Arkema with long-term, secure, and competitive access to this raw material for use in the production of Arkema’s biosourced polyamides, the company says. The new alliance will continue to operate under the Ihsedu Agrochem name. Financial terms of the deal were not disclosed, but Arkema says it agreed to pay...

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