Indian agrochemical major, Crystal Crop Protection (CCPPL) on Monday said it has signed an accord with Germany’s BASF to acquire Bavistin — a fungicide brand in the country for many years.
With the introduction of Bavistin, CCPPL aims to counter spurious brands present in the market and provide genuine qualitative solutions to the Indian farmer, the company said.
“Used widely on India’s largest crop, rice, it is also used in over 20 other crops,” the company said in a statement. “With the addition of Bavistin, Crystal expects to boost its topline by 7-8 per cent.”
“We aim to promote Bavistin to progressive farmers who are capable of propagating the benefits to their community members,” said Anil Jain, Director, Strategic Business, Crystal Group.
“Our focus in the domestic market will be on Maharashtra, Andhra Pradesh and Karnataka where we hope to sell 60 per cent of the total production, while the rest 40 per cent in other parts of the country,” he added.
Ankur Aggarwal, Managing Director of Crystal Group, said the company will expand its footprint among the vegetable and fruit growers.
The company said it works in three business verticals: agrochemicals, agro-equipment and seeds. At present, the company has an international footprint in Egypt, Nigeria, Saudi Arabia, UAE, Turkey and Bangladesh, and plans to expand to Latin America, Zambia, Zimbabwe and South Africa.
“Good manufacturing practices and stringent quality control are the Crystal’s cornerstones,” the company added.
Source: Business Standard
France has launched an offshore green hydrogen production platform at the country’s Port of Saint-Nazaire this week, along with its first offshore wind farm. The hydrogen plant, which its operators say is the world’s first facility of its type, coincides with the launch of another “first of its kind” facility in Sweden dedicated to storing hydrogen in an underground lined rock cavern (LRC).
The project sets up the Hydrogen Valley in Rome, the first industrial-scale technological hub for the development of the national supply chain for the production, transport, storage and use of hydrogen for the decarbonization of industrial processes and for sustainable mobility.
At first glance, hydrogen seems to be the perfect solution to our energy needs. It doesn’t produce any carbon dioxide when used. It can store energy for long periods of time. It doesn’t leave behind hazardous waste materials, like nuclear does. And it doesn’t require large swathes of land to be flooded, like hydroelectricity. Seems too good to be true. So…what’s the catch?