20 October 2011 16:35 [Source: ICIS news]
LONDON (ICIS)--LANXESS has agreed a joint-development deal with US-based renewable chemicals company BioAmber to develop succinic acid-based plasticisers, the German chemical producer said on Thursday.
BioAmber has a succinic acid plant in ?xml:namespace>
LANXESS said the global market for phthalate-free plasticizers is estimated at €1.3bn ($1.8bn), with annual growth of around 7%.
“BioAmber’s biobased succinic acid is a unique opportunity to develop a new generation of plasticizers combining full regulatory compliance with superior environmental background,” LANXESS’ head of functional chemicals, Jorge Nogueira, said.
LANXESS and BioAmber have worked together for more than two years assessing the performance and opportunities of succinate-based esters in the plasticiser market.
“Our partnership with LANXESS will accelerate penetration of the global plasticizer market and secure a first mover advantage for both companies,” BioAmber CEO Jean-Francois Huc said.
“BioAmber’s succinic acid offers a safe, sustainable alternative to phthalates and our additional plants in
The two companies expect to begin production in 2012.
($1 = €0.73)
For more on LANXESS visit ICIS company intelligence
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|