The Indian arm of Swedish MNC Perstorp commissioned its new state-of-the-art technology plant at Saykha GIDC Estate near Bharuch.

The plant will manufacture pentaerythritol and its ancillary ISCC Plus certified quality products to meet the demand of Asian markets including India. An MoU was signed with the Government of India in 2016 as part of Make in India Vision.

This is the largest investment in Asia so far in Perstorp’s history, said Ib Jensen, CEO, Perstorp. The plant will produce 40,000 metric tonnes of pentaerythritol and 26,000 metric tonnes of calcium formate, an important raw material for tile additives and animal feed/industries.

"The new plant will further strengthen Perstorp's position as a sustainable and reliable partner in the Asian region," said Gorm Jensen, Executive Vice President - Commercial & Innovation, Perstorp. 

"The Sayakha site is strategically located close to ports, rails, and roadways. This will help to ensure that Perstorp can supply products effectively throughout India and across all of Asia,” added Jensen.

In Sayakha Perstorp will produce a Penta product mix that includes renewable-based, ISCC PLUS-certified grade, Voxtar, as well as offering Penta Mono and Calcium Formate. The plant will use renewable sourced raw materials as well as use a hybrid source of electricity. The products offered will contribute to reducing the carbon footprint.

Vinod Tiwari, Managing Director, Perstorp India said, "The plant will employ 120 people and will help to reduce lead time for our customers. Under CSR initiatives, the company has planted approximately 2.25 lakh mangroves in 90 hectares of land near Ambetha village of Vagra taluka and also installed solar streetlights in the surrounding rural areas even before the plant goes into production. 

On the occasion Consulate General of Sweden in India Sven Otsbarg, High Commissioner of Malaysia to India Dato Mustufa, Collector Tushar Sumera, and MLA Arunsinh Rana were present.