Aether Industries Limited, a top-tier specialty and fine chemical manufacturer in India, has joined hands with H.B. Fuller and Saudi Aramco Technologies Company to unveil a groundbreaking achievement – the first commercialization of sustainable Converge® polyols technology. This achievement follows Aether’s earlier announcement about licensing the new technology for development, manufacturing, and commercialization. The rigorous manufacturing process was validated on a pre-commercial scale and driven by sustainable and efficient models.
Innovative Technology for Sustainability
The Converge® platform introduces an innovative technology for producing more sustainable polyols capable of containing up to 40% carbon dioxide by weight, significantly reducing overall CO2 emissions. These specialized polyols for the CASE (coatings, adhesives, sealants, elastomers) industry show immense promise. The potential commercialization and revenue are substantial, targeting a market of 850 KTA (850,000 MT per year) with a projected annual growth rate of 5%, from the overall CASE industry polyol market size of more than 10,000 KTA. Aether Industries Limited stock is trading 2% up in the morning session at the time of writing this blog at 910 Rupees a share. We are hopeful of further rally in the stock as this could be a major push.
Thrilled to Advance Sustainability
Rohan Desai, Whole Time Director and Senior VP of Commercial, Finance, and Marketing at Aether Industries, expressed excitement about this milestone: “We are thrilled to announce the first commercialization of Converge® polyols, led by H.B. Fuller, a renowned US-based adhesives manufacturer. Together, we aim to advance the Converge® portfolio and explore other business opportunities. Aether is collaborating globally to expand the application of sustainable polyol technology.”
Strategic Environmental Impact
Raed H. Abudawoud, CEO of Saudi Aramco Technologies Company, emphasized the strategic importance of this achievement: “For us, this marks a significant commercialization success in our partnership with Aether Industries and H.B. Fuller. Our teams have collaborated to develop the technology for these polyols, aiming to reduce the carbon footprint compared to industry standards and find sustainable alternatives in the CASE industry.”
Milestone in Sustainable Solutions
Ritu Paul, Global Technology Director for Hygiene, Health, and Consumable Adhesives at H.B. Fuller, hailed this achievement as a major milestone in their commitment to carbon neutrality and offering sustainable products for the global adhesives market. Paul also expressed enthusiasm about the enhanced partnership possibilities and their contribution to a circular economy. Keep following us for on-time updates for your stock market decisions.
Source: tradealone
