By Don Loepp – SOURCE: PlasticsNews.com
The deal which was first announced July 27, includes two U.S. plants and two in Germany, with total annual capacity of 2.3 billion pounds.
Robert Nadin, formerly VP of innovation and technology for Braskem America, has been appointed VP of commercial and supply chain for polypropylene in North America.
As Plastics News‘ Frank Esposito has reported, this deal comes at an interesting time for the North American PP market, which has been rocked this year by extreme price volatility.
Increased use of natural gas feedstocks has reduced the amount of propylene monomer available to make PP in the region. Natural gas-based ethane feedstocks make less propylene per unit than do feedstocks based on crude oil-based naphtha.
The supply-demand situation got even more interesting earlier this month, when Phillips Sumika Polypropylene Co. announced it was closing its 700 million pound-per-year PP resin plant in Pasadena, Texas.
- Lanxess to produce bio-based EPDM rubber in Brazil (compositology.com) 09/24/2011
- Braskem SA & FKuR Partner To Bring “Green” Polyethylene to Europe (compositology.com 09/23/2011
- Dow Chemical, Mitsui in Brazil sugar cane venture (compositology.com) 07/19/2011
This entry was posted on Sunday, October 2nd, 2011 at 15:25
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