Tata Chemicals Asia Pacific Pte. Ltd., will invest $16 million in JOil (Singapore) Pte. Ltd., (JOil), a Jatropha seeding Company based in Singapore, which has been set up by the Temasek Life Science Laboratory Ltd, (TLL), with other investors in Singapore.
The agreement is aimed at boosting Tata Chemicals bio-fuels foray and will give Tata Chemicals exclusive marketing rights for JOil’s jatropha seedlings in India and East Africa, it said.
In January, Tata Chemicals Limited (TCL), part of the TATA group, acquired Soda Ash business of General Chemical Industrial Products Inc. (GCIP), a US based chemical company, for $ 1,005 million.