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Resins & Coatings

News Review


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World silicones demand to grow by 5.7% until 2019

World demand for silicones is forecast to rise 5.7% per year to USD 19.3 billion in 2019, according to The Freedonia Group Inc. The pace of growth in value terms will be in line with that seen over the 2009-2014 period, largely due to an improved outlook for silicones' prices.
Demand for silicones in developing regions is expected to post strong gains through 2019, benefiting from economic advancement and increased penetration of silicones in less mature markets.
The Asia/Pacific region will continue to be the strongest source of additional silicones demand, accounting for 57% of the total increase in global silicone consumption between 2014 - 2019. The bulk of these gains will be attributable to China, which will represent nearly three-fifths of the Asia/Pacific total in 2019. The outlook for silicone demand in North America and Western Europe is somewhat weaker, reflecting the maturity of both manufacturing industries in general and the use of silicones.
Demand for silicones in Western Europe will advance slowly, although the region's affluence will continue to support significant demand for silicones in the health and personal care market. Gains in Eastern Europe are expected to be slightly below the world average, but will still represent a healthy increase through 2019 as export-oriented manufacturing activity continues to grow.
(Coatings World)

PERSTORP markets 2-propyl heptanol

Perstorp is now concluding "Project Valerox", its largest plant investment ever, and the new Oxo plant is already manufacturing industrial quantities of various key materials, including 2-PH (2-propyl heptanol), for numerous applications. Most output is currently consumed internally in production of Perstorp's PVC plasticizer (DOP replacement), but Perstorp has now also become a significant supplier of 2-PH on the open market.
"The global surfactants industry is increasingly calling for C10 fatty alcohols, and our new capacity for high-purity 2-PH is an answer to that call", says Jerker Olsson, Vice President Business Unit Oxo at Perstorp. "Our customers will be able to count on a reliable long-term supply of this very attractive alternative to existing offerings".
Surfactant producers currently rely to a large extent on natural and synthetic C9-C12 linear and branched alcohols. "2-PH can be used as a replacement for short-chain branched C9-C12 alcohols, as well as linear alcohol mixes", accoring to Hakan Bjornberg, Vice President of Innovation at Perstorp.

LANXESS increases rubber prices

The High Performance Elastomers (HPE) business unit of specialty chemicals company Lanxess has raised its prices for several synthetic rubbers in Europe, Middle East and Africa.
The EPDM grades will increase by EUR 100/MT, NBR grades by EUR 90/MT and chloroprene grades by EUR 100/MT.
The HPE unit is part of the Lanxess's Performance Polymers segment, which recorded sales of EUR 4,128 billion last year.

SOLVAY opens biolab in Brazil

Solvay, the Belgium-headquartered chemicals company, has opened its first fully dedicated Industrial Biotechnology Laboratory (IBL) in Brazil to boost the development of innovations and solutions based on sustainable chemistry.
The fully integrated laboratory in Paulinia will chiefly focus on researching new processes and molecules derived from biomass, which is mostly plant or vegetable based and abundantly available in Brazil with its favorable climate and vast surface. Research projects include flavours, fragrances, surfactants, cellulose derivatives and solvents.
Solvay research and innovation group general manager Louis Neltner said: "With this laboratory Solvay can further nourish its innovation portfolio, using renewable resources, with tailored solutions to meet sustainability demands from customers in multiple end-markets. Thanks to Brazil's wide variety of biomass, competitive agricultural businesses and biotech expertise the country has all the required conditions to develop and grow products and solutions based on renewable resources".

BAYER MaterialScience becomes Covestro

Bayer has announced that the new name of its "MaterialScience" business will be "Covestro". It will be effective on September 1, 2015.
"Covestro represents a bold new direction and bright future for an innovation-driven polymers company", said Patrick Thomas, Chief Executive Officer of Bayer MaterialScience and CEO designate of Covestro. "We are a company that is underpinned by strong and experienced management with a proven track record of excellence and full commitment to value creation. We have loyal and dedicated employees with whom we are confident we can build our future success", he added.
Bayer intends to float Covestro on the stock market, as a separate company, by mid-2016 at the latest.
In fiscal 2014, the Bayer Group employed 118,900 people and had sales of EUR 42.2 billion. Capital expenditures amounted to EUR 2.5 billion and R&D expenses to EUR 3.6 billion.

LUBRIZOL adds emulsions capacity in Europe

The Lubrizol Corporation's Performance Coatings business announced the addition of new acrylic emulsion capacity at its manufacturing facility in Antwerp, Belgium.
The facility manufactures resin technologies for the paint and coatings, graphic arts, engineered paper, textile and other industries. The new capacity is key to meet the demand of customers throughout Europe that require unique, high performance technologies for differentiated resin performance.
"For Lubrizol's customers, the new acrylic emulsion capabilities provide greater flexibility to manufacture customized solutions that meet very specific performance requirements", commented Tom Keir, Lubrizol director of product management. "It also allows our global customers to access the same technologies in Europe as are available in other parts of the world. This helps them simplify operations and improve global efficiencies".
(Coatings World)

OXEA increases amines, NPG & TMP prices

Oxea will increase list and off-list prices by EUR 140/MT on Trimethylolpropane, effective July 1, 2015, or as contracts allow. Neopentyl Glycol will also increase by EUR 100/MT immediately or as contracts allow in both Europe and the Middle East/Africa.
Also Di-n-butylamine, Tri-n-butylamine, n-Butylamine, Di-2-ethylhexylamine and 2-Ethylhexylamine will all increase by EUR 80/MT in Europe immediately, or as contracts allow.
Oxea said the price increase is driven by continued cost increases for raw materials in Europe.
Oxea is a global manufacturer of oxo intermediates and oxo derivatives, such as alcohols, polyols, carboxylic acids, specialty esters, and amines. These products are used for the production of high-quality coatings, lubricants, cosmetics and pharmaceutical products, flavorings and fragrances, printing inks and plastics. Oxea is owned by Oman Oil Company S.A.O.C. and employs more than 1,400 people worldwide.
(Coatings World)
(Coatings World)
(Coatings World)

Molycorp prepares for bankruptcy protection

MOLYCORP Inc., the only U.S. miner and processor of rare-earths elements, plans to file for chapter 11 bankruptcy protection in order to cut its USD 1.7 billion debt load.
The plan marks a dramatic turn for Molycorp, which rode temporary concerns of a shortage in rare earths —elements, used in a host of electronic devices—, to a USD 6 billion market capitalization in 2011.
But since then, China has relaxed restrictions on exports of rare earths, oversupplying a market that is relatively small compared with those of coal or iron ore.
(Wall Street Journal)

PPG launches USD 10 million charity

PPG Industries has announced plans to expand its investments in global communities, where the company operates, with the launch of a USD 10 million initiative called "Colorful Communities".
The program, which will focus on renewal projects that incorporate employee volunteerism opportunities, was announced at an event at a public charter school located less than 10 miles from the company's global headquarters in Pittsburgh. PPG announced its initial USD 50,000 grant to the Propel Schools Foundation, accompanied by a volunteer effort by PPG employees to repaint Propel using PPG products. The grant will fund the renewal project and support the science program at eight elementary-level schools.
The Colorful Communities program aims to enhance, protect and beautify the neighborhoods where PPG operates. Support for Colorful Communities projects will go beyond grants. Together with community partners and PPG employee volunteers, the program will support projects that transform community assets.
Examples of projects include creating bright murals for libraries, repainting hospital corridors with uplifting colors and hiding graffiti on community buildings with a fresh coat of paint.
"Since our company’s founding in 1883, PPG has been committed to supporting the communities where it has a presence", said PPG Chairman and CEO Charles E. Bunch. "Over the years, PPG has donated millions of dollars to organizations that make a positive impact in people’s lives. Today, we’re proud to leverage the best we have to offer – our people, expertise and products – to create brighter and more colorful communities".
(Coatings World)

CEPSA sells canadian PTA plant to INDORAMA

Spanish petrochemical company Cepsa has completed the previously announced sale of its purified terephtalic acid (PTA) industrial plant in Montreal, Canada to Thai company Indorama.
Following the sale, the company will focus on its phenol, acetone and LAB / LABSA businesses, located in Spain, Canada, Brazil, China, and Indonesia.
With the acquisition of Cepsa's PTA plant, Indorama is set to become an integrated player in the North American PET market.
With a turnover of USD 7.5 billion a year, polyester producer Indorama consumes around 1.1 million MT of PTA annually in North America.
(Chemicals Technology)

OXEA increases prices on acids and intermediates

Oxea will increase list and off-list prices on n-Butyric and Iso-Butyric acids by EUR 100/MT and 2-Ethylhexanoic acid by EUR 130/MT, effective immediately in Europe, or as contracts allow.
According to the company, the price increase is driven by continued cost increases for raw materials in Europe.
Also Butyl Acetate will increase by EUR 40/MT, Butanol will increase by EUR 50/MT and 2-Ethylhexanol by EUR 60 EUR/MT in Europe, effective June 1, 2015, or as contracts allow.
(Coatings World)
(Coatings World)

Congress & Exhibition : ACHEMA 2015

About 3,600 exhibitors have already registered for the upcoming ACHEMA 2015, a world forum for chemical engineering and the process industry, between 15-19 June 2015 at Frankfurt am Main, Germany.
Advances in catalyst development, electrification and integrated responses ("hybrid") process steps determine all other engineering and planning steps. The continuing trend towards more energy and resource efficiency and reduced environmental impact is driving the development of new processes.
More than 20 presentations withing the extensive ACHEMA congress program are dedicated to innovative process analytical technology. More than 90 presentations are dedicated to biobased solutions and highlight the technical, economic and political aspects. More than 20 presentations are dedicated to industrial water management.

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News are listed from various sources, as quoted above, aggregated by agents ANDRIANOS Chemicals, Athens, Greece.