AMSTERDAM - AkzoNobel and Atul have signed a Letter of Intent to explore the feasibility of setting up a manufacturing joint venture for the production of monochloroacetic acid (MCA) in India.
The two companies plan to install a world-scale MCA plant at Atul's facility in Gujarat, subject to the necessary regulatory approvals, building on Atul’s status as a leading supplier of crop-protection chemicals (which uses MCA as a key raw material) and AkzoNobel's leading global position in MCA, with plants in the Netherlands, China, Japan and the United States.