US Novomer aims for lowest-cost acrylic acid production - CEO

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.

The company produces its acrylic acid through the intermediate propiolactone, using ethylene and carbon monoxide as feedstock.

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 New York.

“Our cost advantage comes from very cheap carbon monoxide costs and feedstock ethylene oxide (EO), which is cheaper compared to the rising cost of propylene oxide (PO),” said Mahoney.

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)

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By: Doris de Guzman
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