Jayant Agro Organics, engaged in manufacturing of castor-based specialty chemicals, on Thursday said it has entered into a joint venture agreement with Mitsui Chemicals, Inc. Japan and Itoh Oil Chemicals Co. Limited, Japan for investing in the equity shares of Vithal Castor Polyols Pvt. Ltd. in the ratio 50:40:10 respectively.

“The joint venture will be focused on manufacturing Castor Oil based Polyols through Vithal Castor Polyol Pvt. Ltd,” Jayant Agro Organics said in a filing to Bombay Stock Exchange.

The detail of the project are being worked out, it added.