18 May 2011 17:06 [Source: ICIS news]
By Joseph Chang
NEW YORK (ICIS)--US-based Momentive Performance Materials will seek to combine epoxy resins and silicones to create new formulations, its chief executive said on Wednesday.
“Cross-fertilisation of technology and development of new products is a big opportunity for us,” said chairman, president and CEO Craig Morrison in an interview with ICIS.
“We can modify epoxy resins with silicones to deliver new performance characteristics. This is one of many cross-technology opportunities we are exploring across our technology platform,” he added.
Momentive Performance Materials is the merged entity created in October 2010 with the combination of Hexion Specialty Chemicals (epoxy resins, phenolic resins, formaldehyde) and Momentive Performance Materials (silicones, quartz) – both owned by US-based private equity firm Apollo Management.
Epoxy resins and silicones share many end-use markets such as construction, automotive, electronics and wind power applications, Morrison said.
Epoxy resins offer superior strength and durability, while silicones can be used as an additive to provide a wide range of physical properties, he said.
“Here we have a tremendous opportunity to formulate new applications in many end-use segments,” Morrison said.
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