Page 141 - CW E-Magazine (25-2-2025)

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will also opt for new technologies, such ‘Regionalisation of value chains likely’ the country matures, growth rates will
as use of ion exchange resins tradition- Dwelling on the macro-economic get more modest. In Europe, the industry
ally used for purifi cation liquids for air challenges facing the global chemical will transition from commodity petro-
treatment as well.” industry, Mr. Zachert noted that adjust- chemicals to focus more on niche poly-
ing to change has been a constant theme mers and speciality chemicals. Manufac-
This new phase of growth, which for the industry in the past decades and ture of upstream, large volume polymers
Mr. Zachert termed as ‘LANXESS will continue to be so for the next. But and petrochemicals will go regions
3.0’ involves operationally bring the some things will change. “In the past, where there is abundant availability of
businesses to position of market value chains tended to be global; down raw materials and cheap energy, such
leadership. “While the past focus was the road the tendency is likely to be more as the Middle East and North America.
asset-driven, the current emphasis is towards regional value chains and trade “India should be able to sustain high
on market and customer focus through zones. Many companies will have to re- growth rates for its chemical industry.
innovation. This needs a new business think their global approach and look at There is ambition in the country that
approach with focus on developing more regional strategies,” he said. While cannot be stopped; we look at India very
new applications for customers in the China will remain the biggest market for positively,” Mr. Zachert emphatically
local market.” chemicals for many more years, but as stated.
ACCELERATING DECARBONISATION

Honeywell & AM Green to explore production of SAF,

green methanol and green hydrogen

US conglomerateHoneywell and leadership position
AM Green, promoted by founders as a global clean
of Hyderabad-based Greenko, have energy transition
signed a memorandum of understand- solutions platform
ing (MoU) during the ‘India Energy while contributing
Week 2025’ in New Delhi to assess to India’s ambition
the techno-economic feasibility of pro- of emerging as an
ducing sustainable aviation fuel (SAF) exporter of reliable,
from ethanol, green methanol from sustainable and low-
various carbon dioxide (CO ) emission est-cost green mole-
2
sources, and green hydrogen. panies is expected to be completed by cules and its derivatives accelerating
mid-2025. “The collaboration with AM industrial decarbonisation globally.”
The collaboration also seeks to posi- Green will help advance India’s low-
tion India as a global exporter of green carbon economy and create an ecosys- The collaboration also seeks to posi-
methanol, providing low-emission fuel tem that supports the government’s SAF tion India as a global exporter of green
alternatives for shipping companies blending mandates, positioning India as methanol, providing low-emission fuel
and helping airlines comply with Car- a global leader in alternative fuel innova- alternatives for shipping companies.
bon Offsetting and Reduction Scheme tion,” said Mr. Ashish Modi, President, The initiative aligns with India’s efforts
for International Aviation (CORSIA) Honeywell India. “By combining Honey- to reduce crude oil import dependence
mandates for carbon-neutral growth. well’s proven carbon capture techno- and support the National Green Hydro-
CORSIA aims to promote a globally- logies and ethanol-to-jet solution with gen Mission. AM Green is setting up
harmonised system of SAF usage for AM Green’s expertise in green hydrogen a 1-mtpa green hydrogen-based green
airlines, with some mandated thres- and ethanol production, we will pave ammonia manufacturing plant in
holds. So far, 129 countries have joined the way for a sustainable future and Kakinada. The project will be located
CORSIA. India has stayed away from reinforce our commitment to environ- at an existing urea plant that AM
the voluntary phase on account of mental stewardship.” Mr. Mahesh Green acquired in 2024. Production is
reservations on these thresholds. Kolli, co-founder and Group President slated to commence in the second half
of AM Green said, “This partnership of 2026, with the majority of output
The feasibility study by the two com- demonstrates AM Green’s emerging destined for European markets.

Chemical Weekly February 25, 2025 141

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