ADM, CIC, Chemanex form joint venture for bio superabsorbents plant

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.

Sri Lanka-based CIC is an input and technology supplier to the agricultural sector. Its subsidiary Chemanex is a specialty chemicals producer and supplier to both local and export markets.

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By: Tracy Dang
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