Clean Science & Technology IPO - De-Risked Business Model; Robust Financials: Motilal Oswal
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Motilal Oswal Report
Clean Science and Technology Ltd. is one of the leading global specialty chemical manufacturer, focused on developing green chemicals.
The company has created niche by developing clean-technology that uses non-toxic raw materials with lower effluents, leading to cost efficiencies. It has unique ability to produce through catalytic transformation (rare among Indian chemical companies) and is the only company globally to use vapor phase process for Anisole (used as a key raw material for all its other products).
The company also manufactures sulphur-free BHA (butylated hydroxy anisole) and sulphur-free DCC (Dicyclohexyl carbodiimide).
It has grown to be the largest manufacturer globally of MEHQ (mono methyl ether of hydroquinone) and BHA and second largest for AP (L-ascorbyl palmitate) under performance chemicals.
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