INEOS Acetyls and GNFC will form a JV to build a 600kt Acetic Acid plant in Bharuch, Gujarat, by 2028.
Leveraging a 30-year partnership, this project aims to meet India’s growing demand, reducing 85 per cent import reliance.
CEO David Brooks highlights local production benefits, while MD Pankaj Joshi stresses alignment with ‘Make in India’ and foreign exchange savings.