P2 receives financing
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years old. BASF wants to increase its sales in this period from €73 bn (2011), to €115 bn. Research spending is to increase from €1.6 bn to €1.7 bn in 2012. BASF will also increase the number of R&D staff from the 10,100 it had in 2011, and add to the 1950 collaborative projects underway with research institutes, academe, start-ups and industry partners worldwide. In other news, BASF has revealed that it wants to grow sales in North America by about 5%/y through 2020, driven by capital investments, innovations and optimization of the company’s portfolio through acquisitions. The announcement was made in early May at the official opening of its new 325,000 sq ft North American HQ building in Florham Park, NJ, which houses 1400 staff. The company sustained its good performance in North America in 2011, with sales exceeding 2010’s levels in nearly all segments. In the Performance Products segment, this was mainly driven by the full-year inclusion of the acquired Cognis businesses. For the years to come, BASF expects growth of at least two percentage points above chemical production in the region. BASF’s increasing investment in North America is demonstrated by the optimization of the company’s portfolio through acquisitions, including those of speciality chemicals companies Ciba in 2009 and Cognis in 2010, which have contributed significantly to the success of BASF in North America. US investments in 2012 include $30 M in Renmatix, a technology firm that has developed a process to produce industrial sugars in large volumes from non-edible plant-mass such as wood, cane trash and straw. The patented Plantrose technology involves splitting the biomass into cellulose and sugar in supercritical water at high temperature and pressure in a two-step process. Elsewhere, BASF is also restructuring its mining and oilfield operations. It has decided to install the oilfield business unit’s HQ in Houston, TX. This business develops chemical products (such as surfactants and polymers) for exploration and for the operation of oil wells. The group is also creating a new business unit to specialize in enhanced oil recovery (EOR) technology. Original Source: Handelsblatt Wirtschafts- und Finanzzeitung, 30 Mar 2012, (65), 20 (Website: http://www.handelsblatt.com) (in German) © Verlagsgruppe Handelsblatt GmbH & Co KG 2012. Original Source: Chimie Pharma Hebdo, 10 Apr 2012, (588), 8 (Website: http://www.industrie.com/chimie/) (in French) © ETAI Information 2012. Original Source: Speciality Chemicals, Apr 2012, 32 (4), (Website: http://www.specchemonline.com/) © Quartz Business Media Ltd 2012. Original Source: Chemical Fibers International, Mar 2012, 62 (1), 25 (Website: http://textination.de/) © Textination GmbH 2012. Marketwire, 4 May 2012, (Website: http://www.marketwire.com) Chandra Asri plans mid-2012 decision on petrochemical investments Indonesia’s Chandra Asri Petrochemical expects to have definite plans by mid-2012 on projects for its next phase of investment, after posting solid results for FY 2011. Among other projects, Chandra Asri plans to begin downstream production of the detergent material ethylene oxide, and is contemplating partnering with an affiliate of a Japanese company. Original Source: Japan Chemical Web, 5 Apr 2012, (Website: http://www.japanchemicalweb.jp) © The Chemical Daily Co Ltd 2012 P2 receives financing P2 Science (http://www.p2science.com) is a new US company that is developing and manufacturing a new class of renewable-based, high-performance surfactants called C-glycosides (CGs) with the application of patent-pending technology from the Yale Center for Green Chemistry and Green Engineering. The company has recently received financing from Elm Street Ventures, a New Haven, CT, USA-based early-stage venture capital firm. The CGs will be used as co-surfactants to improve the performance properties of existing surfactants such as linear alkybenzene sulfonic acid, sodium alkyl sulfates, alcohol ethoxylates and other similar products. The new surfactants are expected to find applications in numerous consumer and industrial products such as lubricants, emulsion polymers and many others. Original Source: Biorefining Magazine, Mar/Apr 2012, (Website: http://biorefiningmagazine.com) © BBI International 2012 Groundbreaking ceremony for Evonik’s new Chinese hydrogen peroxide plant An official ceremony has been held to mark the groundbreaking for Evonik Industries AG’s new hydrogen peroxide plant in Jilin, China. The plant is scheduled to go online, with a planned production capacity of 230,000 tonnes/y, at the end of 2013. This will increase by 40% the company’s overall current capacity of around 600,000 tonnes/y. Evonik Industries recently founded Evonik Specialty Chemicals (Jilin) Co Ltd (ESCJ) to run the new production facility. Evonik will supply its hydrogen peroxide from Jilin directly via a pipeline to the adjacent propylene oxide plant run by Jishen Chemical Industry Co Ltd. A long-term supply agreement is in place between these companies. Jishen will use the so- called HPPO process to make propylene oxide from the hydrogen peroxide. Original Source: Evonik Industries AG, Rellinghauser Strasse 1-11, 45128, Essen, Germany, website: http://www.evonik.com (23 Apr 2012) © Evonik Industries AG 2012 Solvay sets 50% profit growth target by 2016 Belgium-based Solvay is aiming to boost its profits by 50%, with recurring earnings before income, tax, depreciation and amortization (REBITDA) of €3 bn ($4 bn), by 2016. Growth is expected to be driven by three core businesses and streamlining related to the company’s merger with France-based Rhodia in 2011. Original Source: ICIS Chemical Business, 30 Apr 2012, (Website: http://icischemicalbusiness.com) © Reed Business Information Limited 2012 Cornelius distributes ex-Cognis range in UK and Ireland Cornelius has replaced Kemcare as the exclusive distributor for the ex- Cognis product range in the UK and Ireland, starting Apr 2012. The company will also handle technical support for this line of products in both markets, which will be added to its existing portfolio of BASF personal care ingredients. Original Source: Speciality Chemicals, Apr 2012, 32 (4), (Website: http://www.specchemonline.com/) © Quartz Business Media Ltd 2012 JULY 2012 7 FOCUS ON SURFACTANTS
Transcript of P2 receives financing
years old. BASF wants to increase itssales in this period from €73 bn(2011), to €115 bn. Researchspending is to increase from €1.6 bnto €1.7 bn in 2012. BASF will alsoincrease the number of R&D stafffrom the 10,100 it had in 2011, andadd to the 1950 collaborative projectsunderway with research institutes,academe, start-ups and industrypartners worldwide.
In other news, BASF has revealedthat it wants to grow sales in NorthAmerica by about 5%/y through 2020,driven by capital investments,innovations and optimization of thecompany’s portfolio throughacquisitions. The announcement wasmade in early May at the officialopening of its new 325,000 sq ftNorth American HQ building inFlorham Park, NJ, which houses 1400staff. The company sustained its goodperformance in North America in2011, with sales exceeding 2010’slevels in nearly all segments. In thePerformance Products segment, thiswas mainly driven by the full-yearinclusion of the acquired Cognisbusinesses. For the years to come,BASF expects growth of at least twopercentage points above chemicalproduction in the region. BASF’sincreasing investment in NorthAmerica is demonstrated by theoptimization of the company’sportfolio through acquisitions,including those of specialitychemicals companies Ciba in 2009and Cognis in 2010, which havecontributed significantly to thesuccess of BASF in North America.US investments in 2012 include $30M in Renmatix, a technology firm thathas developed a process to produceindustrial sugars in large volumesfrom non-edible plant-mass such aswood, cane trash and straw. Thepatented Plantrose technologyinvolves splitting the biomass intocellulose and sugar in supercriticalwater at high temperature andpressure in a two-step process.
Elsewhere, BASF is alsorestructuring its mining and oilfieldoperations. It has decided to installthe oilfield business unit’s HQ inHouston, TX. This business developschemical products (such assurfactants and polymers) forexploration and for the operation of oilwells. The group is also creating anew business unit to specialize in
enhanced oil recovery (EOR)technology.
Original Source: Handelsblatt Wirtschafts- undFinanzzeitung, 30 Mar 2012, (65), 20 (Website:http://www.handelsblatt.com) (in German) © Verlagsgruppe Handelsblatt GmbH & Co KG 2012.Original Source: Chimie Pharma Hebdo, 10 Apr 2012,(588), 8 (Website: http://www.industrie.com/chimie/)(in French) © ETAI Information 2012. Original Source:Speciality Chemicals, Apr 2012, 32 (4), (Website:http://www.specchemonline.com/) © Quartz BusinessMedia Ltd 2012. Original Source: Chemical FibersInternational, Mar 2012, 62 (1), 25 (Website:http://textination.de/) © Textination GmbH 2012.Marketwire, 4 May 2012, (Website:http://www.marketwire.com)
Chandra Asri plans mid-2012 decisionon petrochemical investments
Indonesia’s Chandra AsriPetrochemical expects to havedefinite plans by mid-2012 on projectsfor its next phase of investment, afterposting solid results for FY 2011.Among other projects, Chandra Asriplans to begin downstreamproduction of the detergent materialethylene oxide, and is contemplatingpartnering with an affiliate of aJapanese company.
Original Source: Japan Chemical Web, 5 Apr 2012,(Website: http://www.japanchemicalweb.jp) © TheChemical Daily Co Ltd 2012
P2 receives financing
P2 Science(http://www.p2science.com) is a newUS company that is developing andmanufacturing a new class ofrenewable-based, high-performancesurfactants called C-glycosides (CGs)with the application of patent-pendingtechnology from the Yale Center forGreen Chemistry and GreenEngineering. The company hasrecently received financing from ElmStreet Ventures, a New Haven, CT,USA-based early-stage venturecapital firm. The CGs will be used asco-surfactants to improve theperformance properties of existingsurfactants such as linearalkybenzene sulfonic acid, sodiumalkyl sulfates, alcohol ethoxylates andother similar products. The newsurfactants are expected to findapplications in numerous consumerand industrial products such aslubricants, emulsion polymers andmany others.
Original Source: Biorefining Magazine, Mar/Apr 2012,(Website: http://biorefiningmagazine.com) © BBIInternational 2012
Groundbreaking ceremony for Evonik’snew Chinese hydrogen peroxide plant
An official ceremony has been held tomark the groundbreaking for EvonikIndustries AG’s new hydrogenperoxide plant in Jilin, China. Theplant is scheduled to go online, with aplanned production capacity of230,000 tonnes/y, at the end of 2013.This will increase by 40% thecompany’s overall current capacity ofaround 600,000 tonnes/y. EvonikIndustries recently founded EvonikSpecialty Chemicals (Jilin) Co Ltd(ESCJ) to run the new productionfacility. Evonik will supply its hydrogenperoxide from Jilin directly via apipeline to the adjacent propyleneoxide plant run by Jishen ChemicalIndustry Co Ltd. A long-term supplyagreement is in place between thesecompanies. Jishen will use the so-called HPPO process to makepropylene oxide from the hydrogenperoxide.
Original Source: Evonik Industries AG, RellinghauserStrasse 1-11, 45128, Essen, Germany, website:http://www.evonik.com (23 Apr 2012) © EvonikIndustries AG 2012
Solvay sets 50% profit growth targetby 2016
Belgium-based Solvay is aiming toboost its profits by 50%, withrecurring earnings before income, tax,depreciation and amortization(REBITDA) of €3 bn ($4 bn), by 2016.Growth is expected to be driven bythree core businesses andstreamlining related to the company’smerger with France-based Rhodia in2011.
Original Source: ICIS Chemical Business, 30 Apr2012, (Website: http://icischemicalbusiness.com) © Reed Business Information Limited 2012
Cornelius distributes ex-Cognis rangein UK and Ireland
Cornelius has replaced Kemcare asthe exclusive distributor for the ex-Cognis product range in the UK andIreland, starting Apr 2012. Thecompany will also handle technicalsupport for this line of products inboth markets, which will be added toits existing portfolio of BASF personalcare ingredients.
Original Source: Speciality Chemicals, Apr 2012, 32(4), (Website: http://www.specchemonline.com/) © Quartz Business Media Ltd 2012
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F O C U S O N S U R F A C T A N T S
