Dubbed Voxtar, the renewable pentaerythritol has a 60% lower carbon footprint than conventional production routes. The plant is expected to begin operating in the first quarter of 2022. When fully operational, it will produce 40,000 metric tons of pentaerythritol annually and employ 120 people.
Pentaerythritol is used in coatings, lubricants, and antioxidants. Perstorp currently produces pentaerythritol in Germany, United States and Sweden.
“India is a strategic market with a growing demand for coatings and Perstorp has been planning to strengthen its foothold here for several years,” Ulrika Andersson, EVP Business Area Specialty Polyols & Solutions says. “In February 2016, Perstorp signed a Memorandum of Understanding (MoU) with Maharashtra Industrial Development Corporation (MIDC), as a step in evaluating the opportunity to invest in a new world scale production plant for Penta in the country. However, after a thorough evaluation process, Gujarat was selected as the location.”