NEWS
NEWS IN BRIEF...
Inovyn has announced the closure of the PVC recycling plant,VinyLoop Ferrara, in Italy, with immediate effect. The plant, a 60/40 joint venture with Texyloop, has been making a loss for the last 15 years but has now seen a collapse in demand for its Vinyloop-R recycled PVC product as a conse- quence of more stringent regulations on the plasti- ciser di-ethyl hexyl phtha- late (DEHP). �
www.inovyn.com
The European Chemicals Agency, ECHA, is to establish a new database covering the presence of hazardous chemicals in articles. Part of the revised waste framework directive, it will comprise information submitted by companies producing, importing or selling articles that contain Candidate List substances. This information must be submitted by the end of 2020. �
http://echa.europa.eu
Velox is to distribute a new range of 3D printing materials in Europe from SK Chemicals. The Skyplete range includes a PLA-based biodegradable type with a heat deflection temperature of 100°C, as well as high impact and temperature resistant bio-copolyesters and food approved grades. The materials are aimed at filament producers and compounders. �
www.velox.com �
www.skchemicals.com
8
BASF details plans to lift Irganox capacity by 40%
BASF plans to increase its capacity for the antioxidant Irganox 1010 by 40% in response to growing global demand.
Expansions at its sites at
Jurong in Singapore and Kaisten in Switzerland will come online in 2019 and early 2021 respectively. Capacity will double in Singapore as a result of additional production lines. Debottlenecking will up capacity at Kaisten by 30%. BASF said it will also invest to improve asset reliability and further expand capacity at its site at McIn- tosh in Alabama, US. The scale of that expansion was not disclosed. Irganox 1010 is a sterically hindered phenolic primary antioxidant for protection against thermo- oxidative degradation. It is mainly used in polyolefins but is also recommended for polyacetals, polyamides, polyurethanes, polyesters, PVC, ABS and elastomers,
such as butyl rubber and synthetic rubbers. n In a separate move, BASF has confirmed it is consider- ing a second verbund site in China, its seventh overall. Executive Board Chairman Martin Brudermüller and Lin Shaochun, Executive Vice-Governor of Guang- dong province, signed a non-binding memorandum of understanding in Berlin, witnessed by German Chan- cellor Angela Merkel and Chinese premier Li Keqiang. If the plan goes ahead,
the new site would be BASF’s largest ever invest- ment, reaching $10bn by 2030, and the company’s third largest site worldwide (only those at Ludwigshafen in Germany and Antwerp in Belgium would be larger). The first phase would include a 1m tonnes/year ethylene steam cracker, followed by plants for consumer-oriented prod- ucts. The first of these are expected to open no later than 2026. �
www.basf.com
BASF is upping capacity for Irganox 1010 at Kaisten by 30% KKR to buy LCY Chemical
Investment firm KKR has signed a share exchange agreement for a consortium it leads to acquire Taiwan-based polymers and chemicals maker LCY Chemical. The company will remain headquartered in Taipei and maintain its production network in Taiwan, China and the US. LCY is particularly strong in PP polymers
and PP-based TPVs and TPEs. Other products include methanol, solvents and electronic grade chemicals. The KKR offer has been unanimously approved by the LCY board. Chairman T H
COMPOUNDING WORLD | August 2018
Hong said it “delivers meaningful and immediate value to our shareholders, while also providing greater access to capital, operational resources and the time horizon needed to execute a strategy to drive long-term, sustainable value creation”. KKR said that it intends to “work closely
with LCY’s existing management team and employees to strengthen the company’s busi- ness platform”. Expansion in new and existing international markets, as well as in new verticals, are all longer-term possibilities. �
www.lcygroup.com/lcy/en/
www.compoundingworld.com
PHOTO: BASF
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