Epsilon Carbon exports 8,000 tons of liquid coal tar pitch to South Africa and Mozambique

Epsilon Carbon Pvt Ltd, a manufacturer of specialty carbon products, announced that it has become the first Indian company to export liquid coal tar pitch with an export of 8,000 tons from Mangalore port. Epsilon Carbon partnered with Anagha Refineries to build 10,000 tons of dedicated liquid pitch tanks.

“This shipment signifies Epsilon Carbon’s commitment to provide high quality products from their Integrated Carbon Complex in Karnataka. This first shipment will lead the way for Epsilon Carbon to supply global smelters with an estimated export of $100 million dollars in 2024,” the company said in a statement. Epsilon is currently setting up a greenfield specialty carbon complex in Odisha which will also be capable of exporting liquid coal tar pitch.

According to a Report by Market Research Future (MRFR) 2022-23, “The global market for coal tar pitch can expect to surge from $3.91 billion in 2022 to $5.97 billion in 2030, with a CAGR of 5.45 per cent during the period of 2022 and 2030.

Flagging off the first consignment, Epsilon Carbon Pvt Ltd’s Founder and Managing Director, Vikram Handa, 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 the 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,” he added. 

Headquartered in Mumbai, with manufacturing units in three locations,Karnataka, Chhattisgarh, and Odisha, Epsilon Carbon is an integrated manufacturer with a strong focus on sustainability in operations with a dedicated source of raw materials. The company caters to industries like aluminum, tyres, mechanical rubber goods, graphite, specialty and construction chemicals, and dyes and pigments.