Nanovace Technologies, a subsidiary of PCBL Chemical Ltd, has been granted a US patent for its innovative method of developing nanomaterials for next-generation energy storage solutions. This achievement strengthens the company’s intellectual property portfolio and opens up new avenues for partnerships, licensing agreements, and commercial opportunities. Nanovace is currently setting up a pilot plant in Gujarat, expected to be operational by Q3 FY’26, to demonstrate the scalability of the patented technology. PCBL holds a 51% stake in Nanovace and has announced plans to invest $44 million to acquire intellectual property, set up the pilot plant, and establish a commercial-scale manufacturing facility.
The patent is a significant advancement in the company’s R&D efforts and reinforces its position in the growing energy storage market. PCBL, a leading global player in the carbon black industry, is focused on innovation and sustainability, with a strong emphasis on research and development. The company is investing in capacity expansion and modernization, and has recently commissioned an additional 20,000 MTPA capacity at its Mundra plant, reinforcing its presence in the specialty chemicals segment.