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 notmelt, drip or support combustion in air – with the startup of apreviously 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 growinguse of wind power;
- Siemensbegun transportation of wind blades by rail last month to GeneralElectric’s Biglow Canyon Wind Farm in Sherman County, Oregon, wherethey will be combined with nacelles and towers for installation.Siemens is supplying 141 units — each with three blades — of its2.3-megawatt turbines for the farm. Once completed, the 450-MW windfarm will produce enough electricity to power 100,000 households.
By the way, check out this new study “Economics of Wind Energy”from the European Wind Energy Association (EWEA). The group said it hasincreased its 2020 target for installed wind energy capacity in the EUfrom 180 GW to 230 GW, including 40 GW offshore.
The new 230 GW target would produce approximately 600 TWh per yearin the EU by 2020, power equivalent to the needs of 135 million averageEU households (60% of EU households) and meeting between 14 and 18% ofEU electricity demand (depending on total demand in 2020).