Arkema’s renewable resources to make up 10% of sales by 2012

11 November 2009 10:25  [Source: ICIS news]

BERLIN (ICIS news)--French chemical maker Arkema forecast that 10% of its sales will come from renewable resources in a bid to contribute to sustainable development globally,  a company global business manager said late on Tuesday.

Speaking at the 4th European bioplastics conference in Berlin, Christophe Lacroix said Arkema would be a chemical business ready to take the environmental challenges of the 21st century

“It is our aim to become a high-tech polymers company sourcing from renewable resources,” Lacroix said.

 “We are focusing on our castor oil industry because of its non competition with food and its renewable nature chemistry. Secondly we are aiming at developing high tech polymers which have high durability and are long lasting,” he said, adding “Also we want to go beyond being a simple supplier and help the customer to recycle and re-use our products.”

French chemical maker Arkema said on Tuesday that it had significantly trimmed its net loss to €3m ($4.5m) in the third quarter, down from a €114m net loss in the second quarter, citing the positive effects of its business restructuring and that it experienced a slight recovery in demand.

($1 = €0.67)

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By: Franco Capaldo
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