23 February 2012 19:39 [Source: ICIS news]
NEW YORK (ICIS)--Executives from Canada-based renewable chemicals firm EcoSynthetix and US starch derivatives producer Penford highlighted on Thursday the growing market potential for starch-derived latex as replacement for styrene butadiene latex in adhesives and resins.
Leeuwen spoke at the Jefferies Global Clean Technology conference in New York City.
“The global paper coating industry continues to see growth of 5%/year through 2014. The top paper companies continue to look for alternatives to petroleum-based latex given the volatility of raw materials styrene and butadiene,” said Leeuwen.
EcoSynthetix said manufacturers representing more than 60% of the global paper and paperboard market are already evaluating or using the company’s EcoSphere bio-latex binders made from starch because of its cost-competitiveness, improved performance and reduced carbon footprint.
The company began commercial production in 2008. EcoSynthetix expanded its 75m lb/year global capacity with an additional 80m lb/year at its facility at Oosterhout, the Netherlands, in November, and a new 80m lb/year facility in Tennessee, US, which will start operations in the first quarter of 2012.
The company’s starch-based latex can substitute up to 60% of styrene butadiene-latex used in binders, said Leeuwen.
Penford CEO Thomas Malkoski also noted that the company’s starch-based latex can also replace between 30-60% of petroleum-based latex in binder formulations.
Coating binders are used in products such as catalogues, brochures, packaging board and publication papers.
Penford said its starch-based binders help customers reduce the effects of price volatility of petrochemicals such as styrene and butadiene.
“Even for a 50-cent corn starch price, our binders can be cost competitive with petroleum-based latex when oil price is at $60/bbl,” said Malkoski.
($1 = €0.76)
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