Vinati Saraf Mutreja, MD & CEO, Vinati Organics Limited
What are the global trends in the Organic Chemicals and Specialty Chemicals sector in 2023?
There is a shift seen towards production of high-value chemicals and it is driven by an increasing demand for these chemicals in high-growth industries such as electronics, aerospace etc. Global companies have started adopting a China+1 policy to diversify supply risk which in turn has improved the opportunities for Indian manufacturers.
Vinati Organics is the world's largest manufacturer of IBB and ATBS. What's the next set of products you are looking for global dominance?
We have focused on manufacturing IB derivatives; we have added products like PTBT, PTBBA/PTBMB and commissioned our Butyl Phenols plant consisting of PTBP, OTBP, 2,4 DTBP and 2,6 DTBP. We are the only manufacturers of these products in India. We have also stepped into manufacturing antioxidants for plastic additives. Butyl Phenols is one of the key raw materials for making these antioxidants. This will extend the integrated and synergic advantage that the company holds through its product profile.
Are you planning to expand manufacturing facilities in Mahad and Lote? Please talk about your expansion plans?
We are expanding our ATBS capacity from 40,000 MT to 60,000 MT at our Lote facility.
What is your Capex plan for FY 2023-24? Areas where you are planning to invest?
The company is having Capex plans of Rs. 600 crores which is spread across FY23 and FY24. This is being spent on expansion of existing capacity of ATBS and towards introduction of new products which will be used in polymerization inhibitors, flavours, fragrances, pharmaceuticals, and pesticides.
How is the company striking a balance between environment-friendly policies and sustainable growth? Would you talk about Green Practices and HSE Initiatives?
We continuously focus on reducing our environment footprint. In line with the company’s Environment, Social and Governance (ESG) initiatives, the company has commissioned solar power plant and intends to meet almost 50% of our power requirement through renewable energy
When are you planning to achieve Net Carbon Zero? How are you planning to achieve it?
We drive our operations towards achieving our sustainability goals, with continuous monitoring round the year to measure our performance. The commissioning of the solar power plant is a step towards it.
What are the key CSR initiatives being undertaken by the company in FY 2022-23?
Our CSR initiatives are focused to achieve many of the Sustainable Development Goals like good health and well-being, quality education, gender equality, clean water and sanitation, sustainable cities and communities, etc.
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