21 October 2009 17:14 [Source: ICIS news]
BERLIN (ICIS news)--Global fatty alcohol capacity today can supply the market for the next five years assuming continued market growth, an industry consultant said on Wednesday.
“The advent of new low-cost technologies from fatty acids has fuelled a vast expansion of fatty alcohol with the introduction of almost 1m tonnes of new capacity in the last three years,” said Norman Ellard, director of Singapore-based consulting firm Rohen Pte Ltd, speaking at the 7th ICIS World Oleochemicals Conference in Berlin.
“Fatty alcohols today are now also commoditised with the advent of these huge new capacities. The market for C16-18 is flooded and there is a glut of C18,” Ellard added.
Supply for short chain C8-C10 alcohols and fatty acids was also very long, he noted.
A delegate from Sasol said that the current fatty alcohols capacity, including petroleum-based alcohols, could even last for the next 10 years. Ellard agreed with that statement.
The conference, which was attended by more than 160 delegates, ends on Wednesday.
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