Epsilon Carbon to set up EUR1 bn carbon complex in Odisha

Epsilon Carbon to set up EUR1 bn carbon complex in OdishaIndian firm Epsilon Carbon says its Integrated Carbon Complex (ICC) project will have a manufacturing capacity of 8 million tonnes/year for various carbon products. The three main components of the complex include speciality carbon (500,000 tonnes/year), carbon black (300,000 tonnes/year), and advanced materials (75,000 tonnes/year).

The firm has signed a Memorandum of Understanding (MoU) with the government of Odisha, committing an investment of EUR1 billion over ten years for the establishment of the complex in Jharsuguda.

The initiative is expected to generate around 2,000 direct and indirect job opportunities, contributing to the socio-economic development of the region. Epsilon Carbon emphasises collaboration with local communities to support education, skill development, healthcare, and infrastructure.

Jharsuguda, chosen as the location for the mega project, boasts an industrial ecosystem, skilled labour availability, robust infrastructure, and industry-friendly policies. The region’s proximity to major steel industries ensures a consistent supply of raw materials. Additionally, the project strategically benefits from Jharsuguda’s status as India’s aluminium hub, utilising coal tar pitch extensively. Well-connected ports like Paradip enhance the project’s logistical advantages for smooth export operations.

Vikram Handa, Managing Director of Epsilon Carbon, highlighted the company’s confidence in Jharsuguda’s potential. He cited the state’s industrial-friendly policies, coupled with existing steel and aluminium industries, as aligning with Epsilon Carbon’s sustainable business strategy.