VINYTHAI STARTS SUPPLYING ITS BIO-SOURCED EPICHLOROHYDRIN TO THE DYNAMIC ASIAN MARKET
(Thomson Reuters ONE) -
Brussels, 28 February 2012, at 7:30 am (Brussels time)
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EUR 120 million investment using Solvay's innovative Epicerol(®) technology
Solvay announced today its Thai affiliate Vinythai has successfully commissioned
its world-class bio-sourced Epichlorohydrin plant based on Solvay's innovative
Epicerol(®) technology in Map Ta Phut, Thailand. The Epicerol(®) technology is
based on the transformation of glycerin obtained as by-product from refining
vegetable oils into biofuel. This technology is protected by 1000 patent titles,
some of them already granted in different parts of the world.
Epichlorohydrin is an essential feedstock for the production of epoxy resins,
increasingly used in applications such as corrosion protection coatings as well
in the electronics, automotive or aerospace industry. Growing demand in the
Asia-Pacific region can now by met by this bio-sourced plant with a production
capacity of 100,000 metric tons per year. The world-class Epicerol(®) plant,
which required a EUR 120 million investment, is providing its customers the
possibility to improve the ecological footprint of their products.
"An environmental sustainable technology based on a renewable resource as raw
material is now available in the fast growing Asia-Pacific Region. This world-
class plant starts serving its customers, creating a win-win situation for
Vinythai's customers and shareholders", commented Vincent de Cuyper, Group
general Manager of the Chemicals Sector and member of the Executive Committee of
Solvay. "With these dynamic market conditions in the whole region, Solvay is
pleased to pursue its epichlorohydrin project in Taixing, China, for which it
recently received the Environmental Impact Assessment approvals," he added.
VINYTHAI is a Vinyl and Chlor-alkali producer listed on the Stock Exchange of
Thailand. Its major shareholders are the Solvay Group (58.77%), PTT Global
Chemical Public Company Limited (24.98%).
SOLVAY is an international chemical Group committed to sustainable development
with a clear focus on innovation and operational excellence. Its recent
acquisition of specialty chemicals company Rhodia created a much larger player,
which is realizing over 90% of its sales in markets where it is among the top 3
global leaders. Solvay offers a broad range of products that contribute to
improving the quality of life and the performance of its customers in markets
such as consumer goods, construction, automotive, energy, water and environment,
and electronics. The Group is headquartered in Brussels, employs about 29,000
people in 55 countries and generated EUR 12.7 billion in net sales in 2011 (pro
forma). Solvay SA (SOLB.BE) is listed on NYSE Euronext in Brussels and Paris
(Bloomberg: SOLB.BB - Reuters: SOLBt.BR).
For further details, please contact:
LAMIA NARCISSE ERIK DE LEYE MARIA ALCON-HIDALGO PATRICK VERELST
Corporate Press Corporate Press Head of Investor Head of Investor
Officer Officer Relations Relations
RHODIA SOLVAY S.A. RHODIA SOLVAY S.A.
+33 1 53 56 59 62 +32 2 264 1530 +33 1 53 56 64 89 +32 2 264 1540
Press Release:
http://hugin.info/133981/R/1589371/499086.pdf
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originality of the information contained therein.
Source: Solvay S.A. via Thomson Reuters ONE
[HUG#1589371]
Unternehmensinformation / Kurzprofil:
Datum: 28.02.2012 - 07:34 Uhr
Sprache: Deutsch
News-ID 119161
Anzahl Zeichen: 4656
contact information:
Town:
Brussels
Kategorie:
Business News
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