09 November 2010 13:52 [Source: ICIS news]
RIO DE JANEIRO (ICIS)--A growing number of renewable technology companies are considering initial public offerings (IPOs), especially among firms focused on energy, a consultant said on Tuesday.
Commercialisation was much closer for renewable power companies, a field that included wind and solar power, said Sarah Yarger Kienzle, vice president of strategy and operations for Nexant ChemSystems.
Kienzle was speaking on the sidelines of the Latin American Petrochemical Association (APLA) annual meeting.
Wind turbines are important end markets for epoxy resins, and photovoltaics use several chemical products such as ethylene vinyl acetate (EVA) for encapsulates and other products to cut, polish and prepare the silicon for the modules.
In addition to IPOs, renewable power companies were attracting money from private-equity firms, a trend that was likely to continue, Kienzle said.
In general, there was a growing interest for deal-making among chemical companies as several were reviewing possible mergers, acquisitions and joint ventures, she said.
However, the interest was limited mostly to analysis, Kienzle said.
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