MOSCOW (MRC) -- Aekyung Petrochemical Co., a petrochemical arm of Aekyung Group (South Korea), is exporting its new eco-friendly plasticizer manufacturing technology to Russia’s largest energy company at USD 10 million (11.6 billion won), as per GV.
The company announced on 6 Apr. 2016 that it held the export contract signing ceremony at the Sibur headquarters in Moscow, Russia, on 5 Apr. 2016, attended by executives from the two companies, including President Lee Jong-ki and Konstantin Lugov, president of Sibur Group and general manager of the Perm plant.
By applying the sequential processing system for the first time in the world, Aekyung Petrochemical’s environmentally friendly plasticizer manufacturing technology, which was independently developed by the company in 2008, is a new technology that addresses mixing problems with phthalate plasticizer, which is against environmental regulations, and improves the product quality further with the eco-friendly production method. Also, it uses steam, which is generated in the manufacturing process, as the energy source, reducing production costs.
The global environmentally friendly plasticizer market amounts to approximately 1 million tons and Aekyung Petrochemical produces and sells 120,000 tons out of it.
Aekyung Petrochemical manufactures various industrial intermediate products such as phthalic anhydride, plasticizer, polyol and bio-diesel. Sibur is Russia’s leading energy, petrochemical and plastic producer.
We remind that, as MRC informed before, in 2013, Eastman Chemical, a global specialty chemical company, has announced the expansion of its non-phthalate plasticizer portfolio with the addition of Eastman Effusion plasticizer. Effusion is an extremely efficient fast-fusing solution that can enable increased production line speeds and lower processing temperatures, reducing production costs for manufacturers. In flooring, Eastman Effusion is the ideal plasticizer for use in resilient sheet, luxury vinyl tile, vinyl composite tile, and PVC-backed carpet. Effusion can bring value in lowering both formulation and production costs. Effusion has been shown to have advantages in both efficiency and rheology to standard phthalate plasticizers that this industry has relied upon.
mrcplast.com