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Aether Industries executes letter of intent with Saudi Aramco Technologies Company

29 Mar 2023 Evaluate

Aether Industries has executed a Letter of Intent with Saudi Aramco Technologies Company, Saudi Arabia effective on March 29, 2023. The Letter of Intent captures the preliminary terms regarding the finalization of a detailed licensing agreement towards the manufacturing and commercialization at Aether of the Converge polyols technology and product series, the manufacturing process for which has been previously jointly developed and validated at commercial scale by Aramco and Aether.

The Letter of Intent also captures the next set of important milestones including a joint press release between Saudi Aramco Technologies Company and Aether for the finalized licensing agreement as well as yet another potential joint press release between Saudi Aramco Technologies Company, Aether, and another partner announcing the first commercial product launch incorporating the Converge polyol technology. This initial commercialization is building on the momentum and efforts to find performance enhancing and sustainable alternatives in the CASE industry.

Aether Industries is a specialty chemicals manufacturer in India focused on producing advanced intermediates and specialty chemicals involving complex and differentiated chemistry and technology core competencies.

Aether Industries Share Price

1180.15 -7.65 (-0.64%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BASF India 3703.10
Tata Chemicals 709.05
SRF 2493.65
Pidilite Inds. 1393.25
Deepak Nitrite 1538.00
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