Perstorp invests in a new Penta facility in India
Perstorp, a global supplier in the specialty chemicals market, has unveiled plans to invest in the construction of a new Pentaerythritol (Penta) production facility in Gujarat, India.
Representatives from the Perstorp Executive Leadership Team, were joined by government officials, employees and selected guests at a groundbreaking ceremony for the new plant held on November 6. The world scale, green-field Gujarat plant will produce Penta.
Construction of the Gujarat plant started in October this year, with commercial production planned to start in Q1 2022. When fully operational, the site will employ 120 people. The investment will significantly expand Perstorp’s Penta production capacity, designed to produce 40 KT of Penta per annum from 2022.
Growing demand for Penta in Asian markets
Penta has a vast range of application areas, being an essential building block ingredient in coatings, as well synthetic lubricants and antioxidants. The Gujarat investment will reinforce Perstorp’s ability to meet growing demand, particularly in Asian markets, as well as offering various Penta qualities and, additionally, Calcium Formate.
