US Chemtura's organometallics brighten on LEDs, photovoltaics

17 November 2010 22:10  [Source: ICIS news]

HOUSTON (ICIS)--Chemtura's organometallics could see more demand from several end markets, such as light-emitting diodes (LEDs), photovoltaics and polyolefins, the chief executive of the US producer said on Wednesday.

"We are investing significant capital in this business as we grow our capacity to supply products," said Craig Rogerson, chief executive.

Rogerson made his comments at the Bank of America Merrill Lynch Credit Conference.

For example, the company's diethylzinc is used to make solar cells, Rogerson said.

Also, LEDs are a high-growth and high-margin market for other types of organometallics, Rogerson said.

Earlier this year, Chemtura signed a memorandum of understanding with Korean producer UP Chemical.

Under the arrangement, the companies would create a joint venture that would make and sell organometallics used to make LEDs.

LEDs have also attracted Dow Chemical. It has broken ground on a plant in South Korea, part of a plan to expand its trimethylgallium (TMG) capacity.

In addition to LEDs, organometallics are also used to produce polyolefins, as they start polymerisation reactions.

As a result, the recovery of the polyolefins industry should also increase demand for organometallics, Rogerson said.

Rogerson did not discuss on some of the long-term trends facing US polyolefin producers.

Longer term, Dow Chemical CEO Andrew Liveris has said the nation's shale gas could provide US producers with relatively low-cost ethylene and propylene. That, in turn, could improve margins for polyethylene (PE) and polypropylene (PP).

For more on Chemtura or Dow visit ICIS company intelligence
For more on olefins or polyolefns visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect

By: Al Greenwood
+1 713 525 2645

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