30 March 2009 16:36 [Source: ICIS news]
“We are in the process of determining our long-term strategy and how much capacity we need,” said Mady Bricco, global product director of propylene oxide (PO)/PG for the US-based chemical major.
“We have sensed some customer interest on the green aspects of PGR [PG renewable], as well as PGR as a hedge against rising propylene feedstock prices,” she added in an interview with ICIS news.
“However, we must weigh factors such as the price of glycerine, the production of biodiesel and price of hydrocarbons in this decision,” she said.
Glycerine is a byproduct of biodiesel production, which has been declining in past months.
If Dow decided to build a PGR facility, it would be worldscale in size, said Bricco, equating to 50,000-100,000 tonnes/year, she added.
The IPC began on Sunday and ends on Tuesday.
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