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Anaven is a 50-50 joint venture between Nouryon Chemicals International BV (Nouryon) and Atul Ltd (Atul). This partnership was established to manufacture monochloroacetic acid (MCA) using advanced, low energy technology of Nouryon and the infrastructure of Atul. Previously, Nouryon served customers of MCA in India by importing the product. Two of the main inputs, chlorine and hydrogen, are supplied by Atul. Atul is also the largest consumer of MCA in India. Thus, this project aligns well with the strategies of Nouryon and Atul. Anaven commissioned the first phase of this zero liquid discharge project (32,000 MT) in 2021 and will steadily increase its capacity to service customers within India and as required, outside.

Nouryon is a leading global specialty chemicals producer in the world that caters to multiple industries, such as paper, plastics, building materials, food, pharmaceuticals and personal care. With its operation in over 80 countries around the world, Nouryon is the leading global technology player in MCA. The Company also operates has other MCA plants in the Netherlands, China and Japan.

Atul is one of the largest integrated chemical companies of India. The Company manufactures about 900 products and 400 formulations and owns 140 brands. It serves a wide range of customers belonging to over 30 industries in around 90 countries and has established subsidiary companies in Brazil, China, the UAE, the UK and the USA. The Company offers a wide range of products and applications used in Agriculture, Adhesives, Animal Feed, Automobile, Composites, Construction, Cosmetic, Defence, Dyestuff, Electrical and Electronics, Footwear, Food, Fragrance and Flavour, Glass, Home Care, Horticulture, Hospitality, Paint and Coatings, Paper, Personal Care, Pharmaceutical, Rubber, Soap and Detergent, Sport and Leisure, Textile, Tyre and Wind Energy industries.