Clariant signs long-term joint development and commercialization agreements with Lummus Novolen Technology on polypropylene catalyst
(Thomson Reuters ONE) -
Clariant AG /
Clariant signs long-term joint development and commercialization agreements with
Lummus Novolen Technology on polypropylene catalyst
. Processed and transmitted by Thomson Reuters ONE.
The issuer is solely responsible for the content of this announcement.
* Enhanced polypropylene catalyst technology by joint R&D
* Polypropylene catalyst commercialization agreement with major polypropylene
technology licensor Lummus Novolen Technology
* Joint investment of CHF 65 million into new polypropylene catalyst plant
Muttenz, August 22, 2013- Clariant, a world leader in specialty chemicals, today
announced that its Business Unit Catalysts has signed long-term cooperation
agreements with CB&I's Lummus Novolen Technology GmbH business unit. The two
companies will combine and ramp up R&D efforts to develop improved polypropylene
catalyst and donor technologies. When successful, existing and future Lummus
Novolen licensees and other polypropylene producers will be supplied with the
new catalyst developed by a new state-of-the-art Ziegler-Natta polypropylene
catalyst production line.
Clariant and Lummus Novolen will jointly invest about CHF 65 million in this new
state-of-the-art polypropylene catalyst production line at Clariant's catalyst
production hub in Louisville, Kentucky, USA. The plant is expected to be on
stream in 2015.
By leveraging the successful licensing and process design experience of Lummus
Novolen and the strong catalyst R&D capabilities of Clariant, the two companies
expect to further strengthen their joint position in polypropylene catalyst. The
polypropylene Ziegler-Natta catalyst market is expected to continue the high
growth pace shown over the last decade with estimated growth rates of more than
five percent in the next five years.
Hariolf Kottmann, CEO of Clariant, stated: "The strategic partnership with
Lummus Novolen is a significant milestone for the catalyst business. It
strengthens our competitive position in a market with future perspectives and
strong growth rates. This cooperation is another example for the successful
implementation of Clariant's strategy which is focused on innovation, portfolio
management and profitable growth."
"This alliance between Lummus Novolen and Clariant in the field of polypropylene
catalyst will strengthen the innovation potential to better serve the needs of
our clients. The state-of-the-art catalyst production plant will guarantee
continuous supply and consistent product quality," said Daniel McCarthy,
Executive Vice President and President of CB&I's Technology operating group.
"With this new direction, the Lummus Novolen technology portfolio will become an
even more attractive offer to the growing polypropylene market."
CLARIANT
CORPORATE MEDIA RELATIONS INVESTOR RELATIONS
KAI ROLKER ULRICH STEINER
Phone +41 61 469 63 63 Phone +41 61 469 67 45
kai.rolker(at)clariant.com ulrich.steiner(at)clariant.com
STEFANIE NEHLSEN SIEGFRIED SCHWIRZER
Phone +41 61 469 63 63 Phone +41 61 469 67 49
stefanie.nehlsen(at)clariant.com siegfried.schwirzer(at)clariant.com
Press release deutsch:
http://hugin.info/100166/R/1715928/570287.pdf
Press release english:
http://hugin.info/100166/R/1715928/570286.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Clariant AG via Thomson Reuters ONE
[HUG#1715928]
Unternehmensinformation / Kurzprofil:
Datum: 22.08.2013 - 07:00 Uhr
Sprache: Deutsch
News-ID 289946
Anzahl Zeichen: 4249
contact information:
Town:
Muttenz 1
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 198 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Clariant signs long-term joint development and commercialization agreements with Lummus Novolen Technology on polypropylene catalyst"
steht unter der journalistisch-redaktionellen Verantwortung von
Clariant AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
