Page 143 - CW E-Magazine (17-10-2023)

Top Stories

INDUSTRY TRENDS

‘India one of the most dynamic power markets in

Asia Pacifi c region’
Let our experience and solutions help you make the best
The Asia Pacifi c region is forecast decisions for Biocides in preserving your products.
to invest $3.3-trillion in power gene- 90%
ration over the next 10 years, with 49% 80% Micro Shield Active
earmarked for wind and solar, and 12% 70% Alchemy is the leading manufacturer of Biocide actives and its
for energy storage, according to a new 60% formulations in INDIA. By producing the essential key raw ingredients
analysis by consultancy fi rm, Wood we, are able to offer long term sustainable solutions. We produce
Mackenzie. “The Asia Pacifi c region 50% biocide actives ingredients such as, Diuron, BIT, and various
is critical to the power sector’s energy 40% Isothiazolinone in bulk to meet industry demand.
transition as it grows to over half of 30%
global electricity demand this year. 20% Wet Shield
The two largest markets in the region, 10% We manufacture range of cost effective wide spectrum
India and China, are at the forefront of 0% wet state preservatives to prevent microbial deterioration
renewables growth, but are also leading of materials. Formulations based on CMIT/MIT, BIT - 85,
the world in coal power deployments,” Fossil fuel Wind & solar Renewables OIT, MIT-50, IPBC, ZPT, DBNPA, and Bronopol
said Mr. Alex Whitworth, Head of Asia
Pacifi c Power & Renewables Research India has some of the lowest cost “There are huge opportunities for
at Wood Mackenzie, during his keynote renewables in the world which has renewables development for utility solar, # Biocides
speech at ‘Renewable Energy India driven rapid deployment of large-scale onshore and offshore wind, as well as
Expo 2023’. wind and solar. This has pushed up the hybrid renewables and storage projects.
country’s renewables share of power In addition, grid investments could re-
“The region is forecast to add 1,840 generation to 22% in 2022, with wind quire a similar amount of investment to Innovation
gigawatts (GW) of new capacity in the and solar making up nearly half of the support the capacity buildout and de-
next fi ve years, more than the rest of total. But despite an aspirational 2070 liver power to consumers,” he added. Our aim to provide solutions which fits your requirements of preservations.
Our R&D team works on one to one basis with various Industries for their
the world combined. As leaders India carbon neutral target, India is still in- India’s power sector carbon emissions specific innovation/needs/ challenges.
and China face rapidly growing power vesting heavily in new coal power to have grown from 850-million tonnes
demand, each country continues to in- support growth, with a pipeline of over (mt) in 2015 to hit an estimated 1,200-mt Quality Assurance and Safety systems
vest in a mixture of technologies, with 50-GW of projects planned and under in 2023, and this fi gure is expected to We have robust quality and safety systems which ensures that products
emphasis on the cheaper options of construction. India’s power demand rise further to 1,400-mt by 2030. Al- are produced under strict manufacturing and safety guidelines.
coal and renewables,” he added. is expected to rank third globally by though not all of India’s power demand
2050, after China and the US, and the growth can be met by renewables today,
India: Rise of renewables future of its coal fl eet will have a ma- this is a key goal for the country to meet Industries
Speaking at the sidelines of the jor impact on global carbon emissions. in the next decade to transition to a low We produce preservatives/biocides for various Industrial products like Paints &
Expo, Mr. Whitworth talked about “Currently, fossil fuels (mainly coal) carbon power system. “While cheap re- Coatings, construction chemicals, Metal working fluids, Textile chemicals, Leather
chemicals, paper chemicals, Inks, pigment paste, and many more
India’s power market and its role in the still provide 75% of India’s power newables and technology advances sup-
energy transition. “India is one of the supply but that share is declining port continued expansion of renewables
most dynamic and important growing steadily. Impressively, India’s per in India, the speed of growth of wind Biocide Actives | Preservative Formulations
power markets in the Asia Pacifi c re- capita power sector emissions are and solar is not a given. There are key
gion and the world. As the second larg- expected to peak in the next decade uncertainties around grid investments www.alchemyspeciality.com sales@alchemyspeciality.com
est regional market after China, since at a level less than half of where most and reform of pricing mechanisms to
it overtook Japan a decade ago, India’s western markets were at a similar support such investment, growth of en-
growth potential is still vast. Power level of development. But is it enough? ergy storage, as well as policy support Disclaimer:
Product information is for general guidance only - please contact our sales team for Product Data Sheets
demand doubled in the last 12 years, In the next decade alone, India will for all of the above. Despite such uncer- and technical advice. Our experts will guide you on a wide range of other products available for specialised
an achievement we could very well need $350-bn in power generation tainties, India’s key role in the overall applications and to meet local conditions and regulations.
see again as strong economic growth investment to meet growing power global energy transition is certain,” re- Use biocides safely. Always read the label and product information before use.
continues over the next 12,” he said. demand,” Mr. Whitworth noted. marked Mr. Whitworth.

142 Chemical Weekly October 17, 2023 Chemical Weekly October 17, 2023 143

Contents Index to Advertisers Index to Products Advertised