Epsilon Carbon becomes the first Indian exporter of liquid coal tar pitch

Epsilon Carbon Pvt. Ltd., a prominent player in India's specialty carbon product manufacturing sector, achieved a significant milestone. They proudly became the first Indian company to venture into the export of liquid coal tar pitch, with an impressive initial consignment of 8,000 tonnes departing from Mangalore port.

This achievement was realised through a strategic partnership with Anagha Refineries, a state-of-the-art oil refinery committed to adhering to global standards encompassing safety, quality, distribution, and operational excellence, which facilitated the establishment of dedicated liquid pitch tanks with a capacity of 10,000 tonnes.

This shipment serves as a testament to Epsilon Carbon's unwavering commitment to delivering top-tier products from their Integrated Carbon Complex located in Karnataka. It also paves the way for Epsilon Carbon to supply global aluminium smelters, with projected export revenues estimated to reach an impressive $100 million in 2024.

Epsilon Carbon has emerged as a promising contender in the global market, showcasing its ability to export this crucial commodity in substantial quantities while emphasising a strong commitment to environmental, social, and governance (ESG) principles. Additionally, Epsilon Carbon is in the process of establishing a greenfield specialty carbon complex in Orissa, further expanding its capabilities for exporting liquid coal tar pitch.

According to a 2022-23 report by Market Research Future (MRFR), the global coal tar pitch market is poised for significant growth, with projected revenues expected to surge from USD 3.91 billion in 2022 to USD 5.97 billion in 2030, boasting a commendable CAGR of 5.45 per cent during the period from 2022 to 2030.

Established in 2010, Epsilon Carbon Private Limited has strived to become the preferred partner in the carbon derivatives market. Headquartered in Mumbai, Maharashtra, with strategically located manufacturing units in Karnataka, Chhattisgarh, and Odisha, they have positioned themselves as an integrated manufacturer with a strong commitment to sustainability in their operations, driven by a dedicated source of raw materials.

The momentous occasion of flagging off the first consignment was marked by the remarks of Mr. Vikram Handa, the Founder and Managing Director of Epsilon Carbon Pvt. Ltd. He said, “It is a moment of pride for us to be the first Indian company exporting liquid coal tar pitch. This achievement sets Indian capabilities on the global map for coal tar derivatives industry. Epsilon Carbon, with its best-in-class product offerings is poised as a trusted global partner to export this essential commodity in large volumes.” 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.”

Epsilon Carbon aspires to be a global leader in the carbon black and specialty carbon industry, offering high-quality products catering to various sectors such as aluminium, tires, mechanical rubber goods, graphite, specialty and construction chemicals, as well as dyes and pigments.