MUMBAI—India's Epsilon Carbon Pvt. Ltd. has unveiled a project to build a major carbon products facility in Jharsuguda, in the eastern Indian province of Odisha.
The company has signed a memorandum of understanding with the government of Odisha for the $1.2 billion (100 billion INR) facility, to be built under a 10-year plan.
Production will focus on carbon products and will have an overall capacity of 875,000 metric tons per year, according to the company's Jan. 20 press release.
The integrated plant, it added, will include a 500,000-ton unit for specialty carbons, 300,000 tons for carbon black and 75,000 tons for advanced material.
With the new facility, Epsilon said it is on track to become "the largest coal tar distiller in India and third largest carbon black manufacturer" in the country.
The project is expected to generate 2,000 jobs and support skills development and infrastructure development in the local region.