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Fairchem Organics Limited (the Company) was incorporated on March 27, 2019. The genesis of creation of a dedicated platform in the form of the company is to capitalise on the opportunities in the Indian speciality chemical structure. Fairchem has perfected the business model of procuring waste generated in the oil refining mills and then using state of the art process equipment to isolate and purify a variety of components from the waste. Some of these components are used as building blocks to make further value-added products like Dimer acid.
Privi, which is a fully owned subsidiary of Fairchem, manufacturers aroma chemicals, which are blended together by formulators to impart fragrance in day to day products like soaps, detergents, shampoos, and fine fragrances. A significant portion of Privi’s aroma chemicals are made from the waste generated in the Pulp & Paper mills - mostly located in Europe, the US and Canada. 70% of Privi’s products are exported across the globe.
Both companies are working on renewable sources of raw materials i.e. waste from another industry and convert that into value added products.
Business area of the company
Fairchem is India’s largest manufacturer of Dimer acid used in many consumer products including paints. Fairchem also processes Tocopherol which is used in formulating Natural Vitamin-E.