Jayant Agro: Castor Oil: Indian Institute of Chemical Technology: Hyderabad

This is a presentation given in Solvent Extractors Association: Castor Oil Global Conference in 2011

by Indian Institute of Chemical Technology: Hyderabad with regards to Castor Oil.

I have put all the slides.. just to keep the flow of the presentation..
What I find interesting is:
- Castor oil  Bio-refinery
- Various new technologies available with IICT-hyderabad.
- Castor oil is a source for the preparation of thousands of derivatives to replace petroleum intermediates.

I remember Jayant management talking about using enzymes as catalyst for getting castor oil derivatives as the next step forward for Jayant Agro.

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Must See for Investors!! The Inside Job of how the whole system is Rigged.. story about Financial Crisis..

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Jayant Agro: Stats: Castor oil based patents

Found this list of patents that are castor based. Interesting observations.

- 25 patents in EU for plant protection, fertilizer composition, animal purpose(feed?)

- 42 patents in US for pharmaceutical drugs and compositions.. surfactants, sustain release tablets, injectable formulations, treatment medicine for cancer, HIV, diabetese, arthritis etc..

- 20 patents for cosmetic compositions.. toothpaste, gelling agent, absorption agents, softening agent, micro emulsions..

120 patents registered in US and 97 patents registered in EU.. this is only for the period 1996 to 2000
India has 4 patents and since Jayant Agro's patent was issued in 2002 .. its not included in the list..

If we search for "castor" in the patent office we get 47,331 unique results..

Jayant Agro Organics: Bio-Polyol Plant JV

We have written before about the JV agreement between Jayant Agro and Mitsui Chemicals but there have been a recent development.. such as Mitsui chemical has closed some of its plants in Japan and other countries. 

Mitsui Chemicals has also signed a licensing agreement with Saudi Basic Industries Corporation (SABIC) for transfer of proprietary technology for MDI/TDI plant. (Link)

What I would like to point out is the "System Houses" that Mitsui Chemicals would like to service using Vithal Castor Polyols Pvt limited giving us an idea about Vithal Castor Polyol Pvt limited position in the scheme of things..

System Houses to be serviced by Vithal Castor Polyol Pvt limited:

1. Tianjin Cosmo Polyurethane

2. Nagoya Works, Mitsui Chemicals

3. Foshan Mitsui Chemicals Polyurethanes

4. Thai Mitsui Speciality Chemicals

5. Cosmo Polyurethane (Malaysia)

6. P.T. Cosmo Polyurethane Indonesia

Here is the complete document.

Jayant Agro Mitsui JV - Page 1

Jayant Agro Mitsui JV-Page 2

Link to Original Document 

Conclusion: If we look at the big picture Jayant Agro Organics is nolonger a standalone entity .. it has built strong forward linkages with market leaders and set to lead the castor oil and castor oil derivatives market in India and worldwide.  

Jayant Agro Blog Archives

Third Industrial Revolution:Best Buy's: Jayant agro, GAEL, NHPC & Tata Comm

Interesting article.. in Business Standard.. here is the link to the original article

Third Industrial Revolution To Drive Green Chemistry Adoption

The global green chemistry market is expected to become $ 98.5 billion by 2020, presenting huge opportunities for Indian companies using green principles to produce chemicals

Global manufacturing industry is witnessing a change which is fast and universal. In fact, many believe that we are already witnessing the third wave of industrial revolution in which Internet-based communication technology is converging with renewable resources. Just like during first and second industrial revolutions, chemistry is again expected to play a pivotal role in ushering third industrial revolution, as the world makes a transition from the fossil-age to the renewable-based economy.

“The third industrial revolution is already taking place in front of us; indeed we are living historical moments today. Additionally, the third industrial revolution is all about ‘green’ and ‘sustainable’ chemistry. Green chemistry is all about our license to operate, while sustainable chemistry is all about to become the new leaders of the future. No industry, or company will be able to operate without a clear mastering of the key principles of green chemistry,” said Rafael Cayuela of STYRON Europe, and Author of the book, ‘Future of chemical industry by 2050’, who was in Mumbai in December last year to attend the Industrial Green Chemistry Workshop (IGCW).

He believes that the need of the world to live with just 4,000 gms of carbon dioxide (CO2) per capita and per day in 2050 will create massive opportunities and incentives for the chemical industry. “The future leaders of our industry will be the ones excelling on the management of the principles of sustainable chemistry; and the ones able to create innovative and collaborative solutions that reduce emissions and energy,” added Cayuela.

Relevance for India
STYRON Europe's Rafael Cayuela So, what is the relevance of green chemistry to developing countries like India? Cayuela feels that green chemistry will become a ‘must’ for the chemical industry, independently of the degree of economic development. India is expected to multiple its GDP per capita by more than 10 times in the next decades, creating massive opportunities for the chemical industry. However, India will need to address these massive changes in small steps; as conditions in the country vary from region to region, from state to state.

ALSO READ: CEO, the change agent to achieve sustainability goals

“Certain parts of the industry as well as society are already at the top of the world, others will require more time. For instance, industries already largely exposed to the international market, like the Indian tyre and automotive industry are already largely using and applying ‘green’ and ‘sustainable’ chemistry, others are still lagging well behind. India will need to develop further these advanced ‘cluster’ or ‘industries’ while start growing gradually on those lagging behind,” observed Cayuela.

Work in progress 
Rajnish Sarna, Executive Director, PI Industries Ltd Many pharmaceutical companies in India have now started exploring green chemistry based routes of synthesis right during the initial phase of development of the molecule. For example, Dr Reddy’s Labs claims to be the first generic pharmaceutical company to become a member of the Green Chemistry Institute (GCI) of American Chemical Society (ACS), which aims to catalyse and enable the implementation of green chemistry and engineering throughout the global chemical enterprise.

ALSO READ: Six barriers to implementation of green chemistry in India

Similarly, companies such as PI Industries Ltd are working on energy-efficient processes which use safe and less-toxic raw materials, and generate minimum or no waste. “With a guiding philosophy of 3R’s - reduce, recycle & reuse, PI Industries has always been on the forefront in building and implementing environment-friendly and sustainable processes. From synthesising greener process routes at the R&D laboratory to using low-carbon materials at the manufacturing plants, PI has always facilitated sustainable growth,” claimed Rajnish Sarna, Executive Director, PI Industries Ltd.

Affordable for SMEs?
Global chemical industry and users of chemicals operate in a highly interconnected supply chain network spread across various countries. The global manufacturing set up has shifted from developed economy to developing and emerging markets, where small and medium scale manufacturers play a big role. Hence, incorporating sustainable philosophy into manufacturing processes has become critical for SMEs in India.

Prof James Clark of University of York Prof James Clark, Director, The Green Chemistry Centre of Excellence for Industry, University of York, UK, opined, “SMEs are likely to have customers who are very concerned about the environmental profile of their chemicals, and including the carbon/environmental footprint of their manufacture. Companies such as P&G and Unilever are committed to dramatically lower the impacts of their products and as they contribute very little to those impacts (they only formulate, pack and distribute) they will look to their supply chains to make the biggest reductions. SMEs can also lead the greener product revolution such as manufacturing bio-based chemicals.”

ALSO READ: Bio-based polyamides: India, the assured raw material supplier?

Expecting SMEs to invest in time-consuming research program to develop green processes in a big ask. But, experts claim that well-planned, practical-solutions can be formulated for SMEs to make their manufacturing more sustainable and eco-friendly. “Certain myths about green chemistry prevailing around us are also a barrier in its implementation. There are myths such as green chemistry is good theory but practically not feasible, it is difficult and complex, it is not viable for SMEs, it requires huge resources, etc. At Newreka, we have commercialised green chemistry based solutions, even for small & mid-sized pharma and fine chemical companies, involving hardly any capital investment and breakeven period of sometimes as low as three months,” observed Nitesh Mehta is the Founder-Director of Newreka Green Synth Technologies Pvt Ltd.

In fact, by improving the overall resource efficiency, green chemistry can provide financial benefits to chemical companies from lower material usage, energy and capital expenditure costs in addition to environmental benefits. “PI has consequently seen an improvement in the yield, reduction in raw material consumption, improvement in solvent recovery and reduction of waste generation. This was achieved through seamless collaboration among R&D, process development, technology absorption, supply chain and operations teams,” said Sarna.

According to a recent report by Pike Research, the green chemistry market is estimated to grow from $ 2.8 billion in 2011 to $ 98.5 billion by 2020, while green chemicals are expected to save industry about $ 65.5 billion by 2020. This presents huge opportunities for Indian companies, especially those using renewables resources and green principles to produce chemicals.

Capacity of BioBased Chemical Intermediates to double in 2017  ---------------------------------
Jayant Agro with its Castor oil and castor oil derivatives business in the front and center of the Green Chemistry revolution. India produces 85% of world's castor Crop and Jayant is the largest Castor oil & Castor oil Derivatives player in India.

CMP: 74, MCap: 111Cr
ROCE: 19.45%, ROE: 22.61%
3 yrs CAGR in Sales: 21.49%
3 yrs CAGR in Profits: 43.88%
PE: 2.63
Price to Book: 0.65
EV to sales: 0.25
EV to EBITDA: 4.15
Quantative Data for Jayant Agro

Jayant Agro: Green Chemistry Play(Castor oil can replace Crude oil in the chemical industry)
GAEL: Agro Processing Play (One of the Largest solvent extraction and Maize Derivative manufacturer in India)
Tata Communication: Communication Play (Only player to own a Fiber Optic Ring around the whole world)
NHPC: Renewable Energy Play (Largest Hydro Power Company in India)

Jayant Agro: Castor Based Green Solvents: Industrial Green Chemical World 2013

Just found this presentation by Jayant Agro (Varun A Udeshi) about Castor Based Green Solvents..

Other than the solvent properties data .. we can find images of Jayant Agro & Ihsedu AgroChem production plants.

 

=happy investing

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