Black Rose agrees acrylamide licensing deal with Mitsui Chemicals

26 January 2011 13:54  [Source: ICIS news]

LONDON (ICIS)--India’s Black Rose Industries has entered into a technology licensing agreement with Japan's Mitsui Chemicals to set up a facility for the production of 10,000 tonnes/year of acrylamide monomer solution, the company said on Wednesday.

The $7m (€5.1m) plant, the first acrylamide facility in India, will be located at the Jhagadia chemical park in the state of Gujarat, the company said.

The plant will use Mitsui Chemicals’ bio-catalytic process to produce acrylamide from acrylonitrile (ACN).

The companies did not disclose any financial details about the deal.

Black Rose Industries said that the project was currently in the engineering and procurement stage and was expected to begin commercial operations in January 2012.

“We believe this will provide key support to the rapidly developing acrylamide-based polymer industry in India,” said Anup Jatia, executive director of Black Rose Industries.

“We plan to increase production of the monomer solution from 10,000 tonnes/year to 20,000 tonnes/year in the first year and then phase-wise to 40,000 tonnes/year by 2015,” he added.

Jatia said the company was targeting acrylamide sales of $55m by 2015.

Mumbai-based Black Rose Industries is a producer and distributor in the business areas of chemicals, textiles and renewable energy.

($1 = €0.73)

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By: Hilde Ovrebekk
+44 20 8652 3214

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