Canadian renewable chem firm commissions production at Dutch site

04 November 2011 15:22  [Source: ICIS news]

TORONTO (ICIS)--EcoSynthetix has commissioned an 80m lb/year production line at Oosterhout, Netherlands, to produce binders for the coated paper and paperboard market, the Ontario-based renewable chemicals firm said on Friday.

EcoSynthetix said the expansion raises its overall capacity to 155m lb/year (70,308 tonnes/year).

The company did not disclose how much it invested in the project. An official at EcoSynthetix's headquarters in Burlington, near Toronto, was not immediately available for comment.

According to information on its website, EcoSynthetix uses cornstarch as its main feedstock. The company plans to build up capacities for its products at contract manufacturing sites in Europe and North America, it said.

EcoSynthetix, which recently completed an initial public offering, reported sales of $5.6m (€4.0m) for the three months ended 30 June 2011, up 58% year on year from the same period a year ago.

($1 = €0.72)

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By: Stefan Baumgarten
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