31 October 2013 20:01 [Source: ICIS news]
MEDELLIN, Colombia (ICIS)--Emery Oleochemicals’ Cincinnati manufacturing expansion positions the company to seize opportunities in the global polyols industry, utilise a US-advantaged feedstock scenario and have access to skilled workforce, Kongkrapan Intarajang, the chief executive said on Thursday.
"Our investment here firstly reflects the opportunities in the global polyols industry - demand in 2012 was 8.7m metric tonnes and is expected to cross 12m metric tonnes by 2018, 6.1% demand growth per year," Intarajang said. "The bio-polyols market alone comprises about 5% of this total."
Other supporting factors are better energy prices with the availability of shale gas and easy access to skilled workers, he said.
The expansion will focus on developing polyols solutions for use in the manufacturing of flexible and rigid polyurethane (PU) foam, which are commonly found in transportation, construction, packaging, furniture and bedding, as well as coatings, adhesives, sealants and elastomers (CASE) applications.
Increasing demand for renewable-based solutions fits in well with EMERY’S expansion strategy, Intarajang said.
"What is unique about our solutions is that it offers customers an alternative to petro-based products that also performs and is competitive in pricing," he said.
The expansion is on schedule and is expected to be completed in the fourth quarter of 2014 and is expected to serve key geographic markets of North America, Europe and Asia markets.
Emery does foresee business growth and expansion in South America, particularly in Brazil, and is actively exploring opportunities, Intarajang said.The Cincinnati plant will produce the brands EMEROX renewable polyols, InfiGreen recyclable polyols and green polymer additives and agro chemical products, he said.
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