April 11, 2013

Arkema acquires castor oil stake

While the blog is waiting for some answers from Versalis regarding their recent bio-butadiene joint venture announcement with Genomatica, let me post this news from France-based specialty chemical firm Arkema about its JV with castor oil and derivatives producer Jayant Agro.

It's a great coincidence that I just posted about bio-polyamides this week as according to Arkema, its acquisition of a 25% stake in castor oil producer Ihsedu Agrochem, a subsidiary of Jayant Agrochem, will provide long-term secure and competitive access to castor oil -- a strategic raw material for the manufacture of bio-polyamides.

Arkema said Ihsedu Agrochem has an experience of over 60 years in the processing of castor seeds into oil and has been one of Arkema's main suppliers from the outset.

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