COMPANY NEWS


Aether Industries Ltd
BSE Code 543534 ISIN Demat INE0BWX01014 Book Value (₹) 154.36 NSE Symbol AETHER Div & Yield % 0 Market Cap ( Cr.) 11,041.44 P/E * 85.35 EPS * 9.76 Face Value (₹) 10
* Profit to Earning Ratio
* Earning Per Share
Aether partners with H.B. Fuller and Saudi Aramco Technologies Company Back
(09 Jan 2024)

Aether Industries has made a joint announcement with H.B. Fuller and Saudi Aramco Technologies Company for the first commercialization of the sustainable Converge® polyols technology. This follows a previous announcement from Aether about its licensing for developing, manufacturing, and commercializing the new Converge polyols technology.

The manufacturing process was thoroughly validated at pre-commercial scale and was driven by sustainable and efficiency models. The Converge platform represents a novel and cutting-edge technology for the manufacture of more sustainable polyols that could contain up to 40% of carbon dioxide by weight, thus reducing overall CO2 emissions. These are a differentiated series of polyols with promising applications in the CASE (coatings, adhesives, sealants, elastomers) industry.

The commercialization and revenue potential of these novel polyols is significant, with a targeted market of 850 KTA (850,000 MT per year) and a CAGR of 5%, out of the overall CASE industry polyol market size of more than 10,000 KTA