Mr Vithaldas Udeshi and his family identified Vadodara’s potential before 50 years, and set up Castor Oil Refinery as a Small Scale Industry. In early 1990s, they set up Castor Derivatives Plants (one 100% EOU and one DTA Unit) at Ranoli, Vadodara. Today, his company Jayant Agro-Organics Ltd, Mumbai is the largest manufacturer and exporter of Castor Oil and Derivatives to over 50 countries.
It’s subsidiary Ihsedu Speciality Chemicalsis setting up a Sebacic Acid (derivatives) plant near Baroda with Chinese Technology at an investment of Rs 55 Crore. Ihsedu is also planning to set up Rs 2,300 Crore (US$ 500 million) Ihsedu Castor Oil Derivatives Project near Vadodara with backward integration by contract farming over 5,000 to 50,000 acre land in North/West Gujarat under MOU signed in Vibrant Gujarat 2007 with Gujarat Agro Industries Corporation Ltd, Government of Gujarat
Another company Jayant Oil Mills (now Bitor) , also 50 year old at Vadodara is also an equal player with large castor oil refinery for exports and domestic sale. Above two companies account for a dominant 2/3rd share in India’s total export of castor oil & derivatives. It is also setting up Sebacic Acid plant near Baroda at an investment of about Rs 70 Crore. 6.3.10 Jayant Oil Mills recently proposed to set up a Rs 550 Crore (USD 110 million) Castor SEZ (Special Economic Zone) at Vilayat (Bharuch District)
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Conclusion: India is the largest producer and exporter of Castor oil.. soon will be largest exporter of castor oil derivatives (3rd generation castor oil derivatives i.e sebacic acid). One must remember Castor with its 18 carbon structure allows chemical derivation which is not practical with other oils making castor oil and ricinoleic acid valuable as chemical feedstock.
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