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Epsilon Carbon plans Rs 10,000-crore integrated carbon complex in Odisha
Industry News- Jan 19,24
The mega project will manufacture 875,000 metric tonne per annum (MTPA) of carbon products making it one of the largest integrated carbon complex in India. The investment will be completed in 10 years. Jharsuguda poised for major growth with Epsilon Carbon’s new investment.
Bhubaneswar (Odisha)
Epsilon Carbon Pvt Ltd, a leading player in the carbon industry, has signed a memorandum of understanding (MoU) with the Government of Odisha to invest Rs 10,000 crores over 10 years, pioneering the future of carbon manufacturing in India. This significant investment will materialise into an integrated carbon complex (ICC) located in Jharsuguda, Odisha. Integrated carbon complex will include the following three carbon products: speciality carbon (capacity of 500,000 MTPA), Carbon Black (capacity of 300,000 MTPA), and advanced materials (capacity of 75,000 MTPA).
The project is expected to create approximately 2000 direct and indirect job opportunities, contributing to the socio-economic development of the region. Epsilon Carbon will also be collaborating with the local communities to ensure their overall prosperity through programs in key areas such as education, skill development, healthcare, and infrastructure.
Jharsuguda's industrial ecosystem, availability of skilled labour, robust infrastructure, and industry-friendly policies make it an ideal location for the upcoming mega project. The project also benefits from proximity to major steel industries, ensuring a constant supply of raw materials. The strategic advantage of the project is enhanced by Jharsuguda's recognition as India's aluminium hub, a region extensively utilizing coal tar pitch. Additionally, the project benefits from well-connected ports like Paradip, ensuring smooth export operations.
Vikram Handa, Managing Director, Epsilon Carbon, stated, "Our decision to invest in Jharsuguda reflects our confidence in the region's potential. The industrial-friendly policies of the State Government of Odisha, coupled with the existing steel and aluminium industries, align perfectly with our sustainable business strategy. This venture not only strengthens our presence in the carbon industry but also marks a significant milestone in our commitment to sustainable development. Epsilon Carbon looks forward to pioneering innovation and excellence in carbon manufacturing while contributing to the industrial growth and prosperity of Jharsuguda and the surrounding regions."
Established in 2017, Epsilon Carbon is a leading global player in the carbon industry, committed to delivering innovative and sustainable solutions. With manufacturing operations in Karnataka, Chhattisgarh, and Odisha, it is one of the largest exporters of specialty carbon & carbon black globally. Its carbon black facility has an annual capacity of 115,000 metric tons, while the specialty carbon facility has a capacity of 320,000 TPA. It caters to diverse sectors like aluminium, carbon black, tyres and mechanical rubber goods, graphite, specialty and construction chemicals, dyes, and pigments etc.
Epsilon Carbon Specialty carbon
carbon black
graphite
carbon industry
Jharsuguda
Odisha
Vikram Handa
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