27 August 2013 18:39 [Source: ICIS news]
HOUSTON (ICIS)--Archer Daniels Midland (ADM) has formed a joint venture with CIC Holdings and Chemanex to build and operate bio-based superabsorbent polymers plant in Colombo, Sri Lanka, a spokesperson at the US-based agribusiness confirmed on Tuesday.
“The market opportunity for renewable superabsorbents is growing, and this partnership aims to further that potential using ADM’s research and development expertise together with the available facilities and knowledge of CIC and Chemanex,” ADM’s Stephanie Edgecombe said.
ADM will be the majority owner of the venture and will market the plant’s production of ADM’s BioSAP superabsorbent polymers, the company said in a release.
Traditionally produced from petroleum derivatives, the BioSAP produced at the plant will be derived from starches obtained from agricultural feedstocks, ADM said.
“The BioSAP product is unique in the marketplace,” Edgecombe said. “The patented molecule consists of a starch with an added carboxymethyl group – CH2CO2Na, or neutralised organic acid, which provides hydrophilic properties. This substance is then further processed into our BioSAP superabsorbent.”
ADM said the relationship with CIC and Chemanex is a starting point in adding value of agricultural commodities produced locally, which in turn could help provide opportunities for stable incomes in the rural communities.
Follow Tracy on Twitter
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