Page 21 - Tata Chemical Annual Report_2022-2023
P. 21
Integrated Annual Report 2022-23 01-83 84-192 193-365
Integrated Report Statutory Reports Financial Statements
Basic Chemistry Business
Operational and strategic developments – USA
TCL exit
Leveraging export opportunity reduce over the course of 2023, making exports from the USA Targeting supply opportunities in emerging green technology: from ANSAC
TCL’s presence across four continents gives us a unique position, competitive in Latin America, Australia and South East Asia. Lithium carbonate for EVs and solar glass manufacture
and equips us to synergise and deliver superior value to our Identifying incremental opportunities for efficiency ince its inception in 1984, ANSAC has marketed
global and regional customers. We are committed to investing in Tata Chemicals North America is one of the leading soda ash improvement; Deploy technology to reduce fixed costs Sand supplied soda ash to export markets. Tata
increasing our capacities to service the growing global demand manufacturers in the country, with ~20% capacity share of the Implementing energy efficiency and fuels switch from coal to Chemicals started exit from ANSAC on December
of soda ash, while focussing on increasing our productivity, cost US domestic market. With our recent exit from ANSAC, our direct natural gas to reduce carbon footprint and sequestration of 31, 2022. As part of the exit agreement, ANSAC will
competitiveness and sustainability metrics. connect with global customers has now increased allowing us to carbon through CCS and CCU continue to provide logistics services for USA exports
focus on growing export opportunities. Focus on generating cash to continue to prepay debt and in the medium term.
The Soda Ash outlook in North America remains positive, with Way forward fund capex
stable local demand and continued ongoing recovery in export Benefits
markets. Compared to the synthetic production process Natural Debottlenecking existing processes and adding more energy It will help us establish a direct relationship with
soda ash, process used in the USA, requires lower amounts of efficient capacity our export customers, who represent approx. 50%
energy and emits lower volumes of carbon dioxide. Energy Building on newly established overseas distribution networks of our business
costs in the USA are expected to remain lower compared to in Latin American and South East Asia; Onboarding distributors
other regions. Both coal and natural gas prices are expected to and resources to manage direct sales With expansion of our facility in USA, the export
sector will become a more significant portion of
our business
A direct relationship with our export customers
allows us to better partner with them on various
initiatives
TCNA Employees
18 19
