19 April 2023 | News
Strengthens global market leadership in the acetyls business
image credit- shutterstock
Jubilant Ingrevia has announced the commissioning of its new global scale Acetic Anhydride plant, at its manufacturing facility in west India at Bharuch, Gujarat.
This plant adds around 60,000 MT of capacity, whereby scaling Jubilant Ingrevia’s overall annual Acetic Anhydride capacity to 210,000 MT. This enhanced capacity will also help the company to increase its global presence in various geographies and achieve leadership position in the global merchant markets. In the domestic market it further strengthens and consolidates Jubilant Ingrevia’s position as a market leader.
With this additional capacity, Jubilant Ingrevia also provides opportunity to its global customers to further expand their downstream products across end-user industries viz. Pharmaceuticals, Agrochemicals, Food, Vitamins, Wood Acetylation, Electronics, Dyes industry etc.
Acetic anhydride is a key raw material required in the production of medicines, such as acetylsalicylic acid (aspirins), sulfa drugs, certain vitamins and hormones, acetyl-p-aminophenol, cortisone, acetanilide, theophylline, acetylcholine hydrochloride, acetophenacetin, sulfonamides, and paracetamol.
The global acetic anhydride market attained a value of $3.05 billion in 2022 and is expected to reach a value of $4.06 billion by 2028.