Page 134 - CW E-Magazine (26-12-2023)

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OVERSEAS PRESENCE tion. Scheduled for commissioning in battery foil mill is another such step in loping such foils to raise the bar on
Sacheerome plans research and application centre July 2025, the unit will supplement this direction.” mechanical strength, fi ne tune the
Hindalco’s existing facility at Mouda
thickness and enhance surface charac-
in Dubai in Maharashtra. By 2030, annual de- Hindalco has the technology for teristics of these advanced application
mand for battery grade aluminium foil manufacturing fi ne quality battery foils, foils. It is working on new coatings
in India is expected to grow manifold and the Mouda unit is currently in the on the battery foils that will boost
New Delhi-based fragrances and to 40,000-tonnes, primarily driven by process of qualifying with lithium-ion performance by delivering better ad-
fl avours manufacturer, Sacheerome, mushrooming growth in gigafactories cell manufacturers in India, Europe and hesion, lower resistance, and reduced
has announced plans to expand its opera- for advanced cell manufacturing. the US. The new unit in Odisha will fur- corrosion. It will tap its robust R&D
tions in the UAE within the next 3-5 ther augment capability to supply mate- to provide tailor-made solutions for
years. “Sacheerome plans to invest over “We are seeing a fast traction in rial to Gigafactories across the world. its customers.
$5-mn (around Rs. 42-crore) to set up a battery materials demand, driven by
Research & Innovation Centre, applica- an impressive outlook for the electric High performance aluminium foils The company is also working
tion lab, evaluation centre, sales offi ce, vehicle and grid storage sectors. Raw are used by cell makers as a current closely with original equipment manu-
and a warehouse in the UAE over the material localisation is critical in such collector for the cathode materials. facturers (OEMs) to co-develop and
next 3-5 years,” Sacheerome said in a strategic sectors,” said Mr. Satish Pai, Hindalco’s understanding of metallurgy, make critical components like battery
statement. Managing Director, Hindalco Indus- extensive experience in sheet and foil enclosures, motor housings, busbars,
tries. “Hindalco is thus making various rolling and access to its own aluminium structural and safety components,
With an eye on strengthening its investments in battery materials and metal gives it a formidable launch pad. and lightweight load bodies, many of
business in the burgeoning UAE mar- technologies towards building Atmanir- which are being designed and deve-
ket, the company aims to drive 10X were set by cities like London, Rome, has been supplying fl avours and fra- bhar Bharat. Investment in this new The company is already deve- loped for the fi rst time in India.
revenue growth over the next 36-60 and Paris. However, Dubai has now grances to a large number of customers
months, it added. emerged as a new trendsetter in the lux- in the UAE for many years. CONSOLIDATION
ury market landscape. The region has Evonik takes over Aditya Birla Group’s stake in Thai
Mr. Manoj Arora, Sacheerome’s successfully adapted to the ever-chang- Comparing the Middle East and Indian
Managing Director and Chief Perfumer, ing beauty and wellness industry, which consumer’s choices, he said, “While peroxides joint venture
said, “The Middle East’s unique has brought about a transformation India is a huge price-sensitive market,
fusion of cultural infl uences has fostered in fragrance choices and purchasing Middle East shoppers, with their strong
a thriving business landscape that is trends,” he added. purchasing power, are willing to spend Germany’s Evonik has taken full “When we purchased
capturing global attention. Among the more on high-quality niche products”. control of its peroxides joint venture PeroxyChem in 2020, it
key reasons for choosing the Middle “In the Gulf region, perfume with the Aditya Birla Group, located was with an eye to inten-
Eastern market are the strong economic enthusiasts who are well-informed about According to an Expert Market in Saraburi, Thailand. sifying Active Oxygens’
indicators of Gulf countries, resulting international trends are gravitating Research report, the Middle East and strategic focus on spe-
in a relatively high purchasing power towards more subtle and fi ne fragrances. Africa (MEA) fl avours and fragrances The company, Thai Peroxide Com- cialties, customer proxi-
among customers”. Some of the most sought-after choices industry reached a value of about $2.92-bn pany Ltd. (TPL), is a major regional mity, and sustainability.
include Oud and Natural Agarwood of in 2023 and is further expected to hit supplier of speciality hydrogen per- Bringing TPL now fully
“In the past, luxury market trends Assam,” noted Mr. Arora. The company approximately $4.16-bn by 2032. oxide and peracetic acid for applications into the business line
ranging from microchip production enables us to continue
RECHARGEABLE BATTERIES and solar cell manufacture to cosme- that trajectory, including
Hindalco to set up battery foil manufacturing facility tics, water treatment and food safety. the integration of our sus-
Previously, TPL had been a joint ven-
tainability strategy across
in Odisha to tap EV market ture between PeroxyChem and Aditya all production sites.”
Birla Group until Evonik purchased
PeroxyChem in February 2020. Evonik fast-growing Asia Pacifi c market. The Hydrogen peroxide and peracetic
Hindalco Industries, an Aditya Birla market for electric vehicles (EVs) and product which forms the backbone of then held a 50% share in TPL before move supports Evonik’s Active Oxy- acid are powerful oxidizers that are
Group company and the world’s largest energy storage systems. lithium-ion and sodium-ion cells. fully taking over. gens business line in pursuing its stra- valuable across a variety of industrial
aluminium rolling and recycling com- tegic focus on specialties for future-for- applications. Yet after use, they break
pany, plans to signifi cantly expand its The company is investing Rs. The factory will be located along- With the acquisition, which closed ward applications. down into biodegradable components,
manufacturing capacity of fi ne quality 800-crore to build a new plant near side a 25-MW solar power plant, and on 15 December, Evonik is expand- and thus are more environmentally
aluminium foil used in rechargeable Sambalpur in Odisha that will initially can access additional solar energy ing its offer of specialty-grade hydro- Mr. Michael Träxler, head of the benign compared to alternative chemis-
batteries to serve the rapidly growing produce 25,000-tpa of the resilient from a 400-KV national grid connec- gen peroxide and peracetic acid in the Active Oxygens business line, said, tries.

134 Chemical Weekly December 26, 2023 Chemical Weekly December 26, 2023 135

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