23 February 2011 20:37 [Source: ICIS news]
NEW YORK (ICIS)--US green technology firm Novomer expects its carbon-to-chemical technology to produce the lowest-cost acrylic acid worldwide, CEO Jim Mahoney said on Wednesday.
Novomer is already producing its ‘green’ acrylic acid on a pilot-scale at 32% less base processing cost compared with propylene-based acrylic acid, Mahoney said in a presentation at the Jefferies Clean Technology conference in ?xml:namespace>
The company said it has low capital requirements in manufacturing, as it plans to use existing industry infrastructure for the production of its carbon monoxide-based chemicals.
Novomer is currently scaling up some of its chemicals production by partnering with toll manufacturers such as Kodak and Albermarle, it said.
Novomer estimated the potential market for their carbon-based chemicals at $12bn (€8.8bn), which will also include acrylate esters, 1,3 propanediol, polypropiolactone, and butanediol aside from acrylic acid.
The conference ends on Thursday.
($1 = €0.73)
For more on acrylic acid visit ICIS chemical intelligence
Bookmark Doris de Guzman’s Green Chemicals blog for some independent thinking on green chemicals
To discuss issues facing the chemical industry go to ICIS connect
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.
|ICIS news FREE TRIAL|
|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|
Asian Chemical Connections