India's Epsilon Carbon Pvt recently unveiled an ambitious new project investment plan. The company plans to establish a Carbon Materials Consortium (ICC) in the Jharsugda region of Odisha Province, India. Behind this decision reflects Epsilon's firm confidence in the continued growth of the Indian carbon black market.
According to a memorandum of understanding signed by Epseron Carbon Black, the company has committed to investing up to 100 billion rupees (equivalent to approximately US$1.2 billion) in the construction of the consortium over the next ten years. This huge investment will not only accelerate the industrialization process in the Charsuguda region, but is also expected to create more than 2000 jobs for local residents and significantly promote local economic development.
According to the Carbon Black Industry Network, the core production capacity of the carbon material consortium includes 500,000 tons of special carbon materials (mainly derived from coal tar), 300,000 tons of carbon black and 750,000 tons of new carbon materials per year. Epseron chose Charsuguda as the project site mainly due to the region's preferential policies for industrial investment and its existing steel and aluminum industry base. These conditions not only ensure a stable supply of raw materials, but also provide broad market space for by-products such as coal tar asphalt.
Epseron Carbon Black currently produces 115,000 tons of carbon black per year, making it the smallest of the six major local carbon black producers in India. However, with the completion and commissioning of the carbon materials consortium, the company is expected to become India's largest coal tar distillation company and China's third largest carbon black manufacturer, thus occupying a more important position in the Indian carbon black market. This major shift will not only enhance Epsilon Carbon Black's market competitiveness, but is also expected to have a profound impact on the overall Indian carbon black industry.
