I've been hearing several epoxy resin investments floating in the air (ok I gotta stop) and came up with the following announcements from Dow Chemical, Hexion, BASF and Energy Composites.
Last month, Dow Chemical's Dow Epoxy System (DES) established an on-the-ground manufacturing facility in China by utilizing a state-of-the-art site from another Dow business. DES will also start producing blends in a Dow Epoxy site in South Korea. The investments target two key markets - wind energy and infrastructure in Asia.
Dow said it expects growth of epoxy resins demand in the wind market at 20%/year within the next five years.
Also last month, Hexion Specialty Chemicals announced that it will build a new specialty epoxy resin production facility in Esslingen, Germany, for used in the production of windmill blades for the wind energy market.
Last year, BASF launched an expanded offering of epoxy resin systems for fiber-reinforced composites developed specifically for the production of wind turbine rotor blades. BASF's new offer includes two infusion resin systems and one laminating resin system designed specifically for the production of wind turbine rotor blades.
Energy Composites Corp., meanwhile signed an exclusive agreement with Swancor Industries Co, Ltd. of Nantou City, Taiwan, where the company will exclusively distribute an advanced line of epoxy resin systems to manufacturers of wind energy system components in North and South America.
Other recent wind energy investments (not particulary in epoxy resins):
- DuPont has completed a planned expansion for its Nomex® - an inherently flame-resistant, high-temperature fiber that will not melt, drip or support combustion in air - with the startup of a previously announced new production unit at its Asturias, Spain, facility. Nomex® applications has been expanding in motors, generators, and transformers providing energy-efficient solutions for the growing use of wind power;
- Siemens begun transportation of wind blades by rail last month to General Electric's Biglow Canyon Wind Farm in Sherman County, Oregon, where they will be combined with nacelles and towers for installation. Siemens is supplying 141 units -- each with three blades -- of its 2.3-megawatt turbines for the farm. Once completed, the 450-MW wind farm will produce enough electricity to power 100,000 households.
The new 230 GW target would produce approximately 600 TWh per year in the EU by 2020, power equivalent to the needs of 135 million average EU households (60% of EU households) and meeting between 14 and 18% of EU electricity demand (depending on total demand in 2020).