This is because apart from the traditional uses of Soda Ash, the additional demand of Soda Ash is expected to come from ,
(1) Renewable energy – Soda ash is required to produce Solar Flat Glass – Solar energy which is here to stay…it is also a part of Green Hydrogen project and global demand for Green hydrogen could drive soda ash prices
(2) EV application -Soda ash is being used to produce lithium Ion battery – 1 tonne Soda ash is required for producing 1 Tonne lithium carbonate,
(3) EV – Soda Ash will also be required to produce Sodium Ion battery, which Reliance seems to be planning in a big way.
All Soda Ash manufacturers are likely to benefit from this demand though Tata chemical has highest capacity and it has the first mover advantage !
Tata chemicals is the 3rd largest soda ash manufacturer and 6th largest manufacturer of sodium bicarbonate in the world apart from the most popular “Tata Namak”.
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