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US fracking slump threatens Indian guar industry
Orders for guar gum drying up as US oil-and-gas companies cut investments following oil price plunge
Add BT as a preferred sourcePublished Tue, Feb 10, 2015 · 09:50 PM
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New Delhi
A BIG bet on the US fracking boom is coming back to haunt India's guar industry.
Orders for guar gum - used to extract shale oil and gas - are drying up as US companies cut investments following the plunge in crude oil prices. For Vikas WSP Ltd, India's second- largest exporter, that's meant idling 40 per cent of its 140,000 tonne capacity - a sign of industry stress.
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