Page 141 - CW E-Magazine (30-4-2024)

Top Stories Amino Ethyl Ethanol Amines (AEEA)
Acrylic Acid  Adipic Acid
Acrylamide  B.A.M.
GROWTH POTENTIAL Bisphenol-A  DETA  E.D.A.
Melamine  M.D.I.  M.A.A.  M.M.A.
indian green hydrogen electrolyser market could Maleic Anhydride  Neo Pentyl Glycol
reach $78-bn by 2050: Report Phthalic Anhydride
Polyvinyl Alcohol (All Grade)
The green hydrogen electrolysers objectives.” While China has a mar- Ms. Kate Logan, Associate T.D.I.  TEPA  TETA  TMP
market in India could swell to $78-bn ket potential of $85-bn by 2050, up Director of Climate at the Asia Society TITANIUM DIOXIDE (ALL GRADE)
by 2050 up from $4-bn in 2030, accord- from $22-bn in 2030, in India, the Policy Institute, noted, “These find- And lot of other chemicals
ing to a new report from the High-level market potential is valued at $78-bn ings underscore how ambitious net Ramesh Bhai-9223432075
Policy Commission on Getting Asia to by 2050, up from $4-bn in 2030. zero targets can shape demand for a Akshar Plast Chem
Net Zero convened by the Asia Society Japan and South Korea could have new and critical technology, such as Investment Pvt. Ltd.
Policy Institute. $9-bn and $8-bn market by 2050, it electrolysers, that will be essential Tel: 022-40043503
added. “Should the four countries to decarbonising the region and the Email: aksharplastchem55@gmail.com
aksharplastacc@gmail.com
As per the report, the net zero tar- adhere to their declared net zero world. Asia’s industrial giants could,
gets in Asia’s four largest economies targets, the analysis projects massive therefore, see net zero pathways as AVAILABLE IN TANKER LOAD
could substantially expand the mar- growth in the market potential of vehicles for driving development,
ket for green hydrogen electrolysers, green hydrogen electrolysers for the rather than limiting it.” Nitric Acid
with the combined potential in these three industries by 2050.” 33%, 58%, 60%, 68%, 72%, 98% (All grades)
countries projected to reach $180-bn Commenting on the report, Sulphuric Acid
by 2050 for key industrial applica- The collective market potential Mr. Amitabh Kant, India’s G20 Sherpa, 68%, 98%
tions. for electrolysers is expected to sky- said, “I congratulate the Asia Isopropyl Alcohol (IPA)
rocket to $180-bn by 2050, with a Society Policy Institute for releasing All grades (also available in drum packing)
Mr. Charith Konda, Energy Spe- CAGR as high as 12% between 2030 the ‘Green Hydrogen for Decarboni- Authorised Distributors of
cialist at the Institute for Energy and 2040. This is nearly fi ve times as sing Asia’s Industrial Giants’
Economics and Financial Analysis, large as the market potential under a report, which showcases the need to
said, “Analysis of the three applica- business-as-usual scenario, the report transform the hard-to-abate sectors Rastriya Chemicals &
tions reveals that India’s green hydro- added. of the economy, including steel and Fertilizers Ltd.
gen electrolyser market is poised for fertilisers. As India has set its sights
signifi cant growth, with a projected As per the report, the total electro- on becoming energy-independent Shreenath Acidchem Pvt. Ltd.
CAGR of 16% – escalating from $4-bn lyser market opportunity will be even by 2047 and achieving Net Zero by cTS No. 275, Acid house B, Near Kala udyog Premises,
in 2030 to $78-bn by 2050. This greater since it includes applications 2070, we recognise the critical role Off lBS Road, Bhandup (W), Mumbai - 400 078. Mh
Mob.: 09324114674 / 09323004558
robust outlook sends a positive signal for other industries. The study also of green hydrogen. India, with its Email: shreenathacidchem@gmail.com
to investors and policymakers, under- breaks down the electrolyser market vast renewable energy resources,
scoring the strategic role of green potential for each of the three indus- also has the opportunity to produce AZEOCRYST ORGANICS PVT. LTD.
hydrogen in meeting net zero tries and four countries analysed. green hydrogen for the world.” Mfr. of Grignard Reagent & Related Products
ISO 9001:2015  ISO 14001:2015  BS ISO 45001:2018
Rallis india posts loss of Rs. 21-cr in Q4 PIONEER IN GRIGNARD REAGENTS
Exclusive Suppliers of
Isopropyl Magnesium Chloride - Lithium Chloride Complex
Rallis India, a Tata Group company, Dr. Gyanendra Shukla, Manag- declined 35% and the market con- 4-Fluoro Phenyl Magnesium Bromide
has reported net loss of Rs. 21-crore in ing Director & CEO, Rallis India tinues to be under pressure due to  Allyl Magnesium Bromide  Methyl Magnesium Bromide
January-March quarter against loss of Rs. said the revenue for the fiscal was geopolitical unrest and continuing  Allyl Magnesium chloride  Methyl Magnesium chloride
68-crore logged in same period last year, down on the back of continuing de-stocking, he added.  ethyl Magnesium Bromide  n-Butyl Magnesium Bromide
 ethyl Magnesium chloride
 n-Butyl Magnesium chloride
Manufacturers of
due to weak demand and lower exports. challenges in the exports demand  ethynyl Magnesium Bromide  n-Propyl Magnesium Bromide hiGh QUALiTY PRodUcTS
Revenue was down at Rs. 436-crore (Rs. and low agrochemical prices. There The company has begun the work  isopropyl Magnesium Bromide  t-Butyl Magnesium chloride At Competitive Price. Distilled
523-crore) in the fourth quarter. However, was positive low single-digit vol- on the new Rallis Science and Tech-  isopropyl Magnesium chloride  Vinyl Magnesium Bromide MEG, DEG, TEG
 Vinyl Magnesium chloride
 (Z)-1-Propenyl Magnesium Bromide
for the full fi nancial year 2023-24 the net ume growth in the domestic formu- nology Centre to augment innovation Solvent Based Reactions & Distillation Facility in Reactor Ranging From
profi t doubled to Rs. 148-crore (Rs. 92 lation business, while seeds revenue capabilities. It has launched three new 0.16 kL to 8.5 kL & Temp-25 C to 250 C Mixture
O
O
crore) on lower cost. Revenue was down grew 21% and delivered break-even products in crop nutrition portfolio in Contact us: Azeocryst Organics Pvt. Ltd. Parasmani Industries
11% at Rs. 2,648-crore (Rs. 2,967-crore). profit, he added. Exports business the March quarter. Mr. Mohit Phalak: +91-8879077787 Plot No.: 61 & 68, GiDc estate, Waghodia,
Email: mohitphalak@azeocryst.com * Web.: www.azeocryst.com Mob.: +91 9825040850 * Email: parasmanind@gmail.com
Dist. Vadodara 391 760 Gujarat.
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140 Chemical Weekly April 30, 2024 Chemical Weekly April 30, 2024 141
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