company will be switching it tocopherol capex plan with isoteraic acid.
isoteraic acid is only manufactured by 4-5 players in the whole world. very difficult to make, fairchem will be coming up with a capacity which is just 6% of the total market (lot of headroom to grow in future).
isoteraic acid is high margin, higher than current business.
Europe and the USA have come up with new regulations
whereby the seafaring vessels are supposed to use biodegradable lubricants in which the
isostearic acid is going to be the main ingredient. And there is no one in India making isostearic acid.
concall info
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