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Castor oil JV planned for India

6:19 AM MDT | September 6, 2013

Jayant Agro-Organics (Mumbai), India’s leading castor oil and castor oil–based derivatives producer, has entered into a joint venture agreement with Mitsui Chemicals and Itoh Oil Chemicals (Yokkaichi, Japan) to manufacture castor oil–based polyols. Jayant will own 50% of Vithal Castor Polyols, with Mitsui and Itoh Oil holding 40% and 10%, respectively. The companies say they are currently developing the polyols...

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