Epsilon Carbon Pvt. Ltd., a leading manufacturer of specialty carbon products, has exported 8,000 tonnes of coal tar pitch from its Integrated Carbon Complex in Karnataka through the Mangalore port to South32 Aluminium smelters in South Africa and Mozambique.
Epsilon Carbon partnered with Anagha Refineries, a state-of the art oil refinery, to build 10,000 tonnes of dedicated liquid pitch tanks, the company said.
This first shipment will lead the way for Epsilon Carbon to supply global smelters with estimated exports worth USD 100 million in 2024. Epsilon is setting up a greenfield specialty carbon complex in Orissa to export liquid coal tar pitch, the company said in a media release.
According to a report by Market Research Future (MRFR) 2022-23, “The global market for coal tar pitch could surge from USD 3.91 billion in 2022 to USD 5.97 billion in 2030, with a CAGR of 5.45% during this period.
Vikram Handa, founder and Managing Director of Epsilon Carbon, who flagged off the export consignment, said, “Our main focus will be to support Middle East customers with a shorter transit time and aim to have our own vessel in 2025 to deliver liquid Coal tar pitch directly to our global customers.”