Glycerine to have a good year in 2010 - Vantage chairman

20 October 2009 21:44  [Source: ICIS news]

BERLIN (ICIS news)--Glycerine makers will see a good year in 2010 as pricing improves, Vantage Specialty Chemicals chairman of the board Bob Drennan said on Tuesday.

Chairing the 7th ICIS World Oleochemicals Conference in Berlin, Drennan predicted that glycerine pricing would stabilise in the fourth quarter and improve in 2010.

“Normal demand is expected to return in Q4 2009 with the situation getting better by Q1 2010 as there will be less biodiesel on the market,” he said.

Vincent Bogaart, marketing manager for oleochemicals at Croda, commented that demand from developing nations would play a key part in the recovery of the glycerine market.

“There has been a spectacular increase in Chinese demand for glycerine over the past five years which is set to continue. In addition, India’s consumption is also set to rise,” he said.

The rise in demand from both China and India is fuelled by the need for industrial applications such as paint, he added.

To discuss issues facing the chemical industry go to ICIS connect

By: Dan Horlock
44 20 8652 3214

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index