Aether Industries inks pact with Saudi Aramco Technologies

Specialty chemical manufacturer Aether Industries on Thursday said it has entered into a pact with Saudi Aramco Technologies Company to manufacture and commercialise the converge polyols technology and product line.

Aether Industries has inked a letter of intent (LoI) with Saudi Aramco Technologies to this effect, according to a statement.

Saudi Aramco Technologies and Aether had previously developed and validated this manufacturing process on a pre-commercial scale.

Aether Industries aims to generate revenue of Rs 150-200 crore from this agreement.