Essar, Arkema ink MoU for production of acrylic acid.
Economic Times (New Delhi, India), January, 2007
Jan. 23--MUMBAI, India -- Essar Chemicals Limited, a part of the $ 6 billion Essar Group has signed memorandum of understanding (MoU) with Arkeme, the leading French chemical company for the production of acrylic acid in India. The MoU envisages for the feasibility of a 50/50 joint venture in India for the production and commercialisation of Acrylic acid and esters.
For Arkema, this will be in line with its strategy to further develop its acrylics business especially in fast growing regions. For Essar, the venture would signify adding value to streams coming out of its world class oil refinery recently commissioned in India, said a company statement here on Monday.
Commenting on the development, Henri Dugert, group president of Arkema's acrylics...
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