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Arkema plans to double production capacities at Beaumont Thiochemicals site in the USA

June 13/2018

MOSCOW (MRC) -- Arkema confirms a detailed investment review, with its partner Novus International, Inc., to double production capacities at Arkemas Beaumont Thiochemicals site in the United States, according to Hydrocarbonprocessing.

This project will support the strong global growth in the animal nutrition market and further strengthens Arkemas world-leading position in high value-added sulfur derivatives.

Arkema is reviewing in detail, with its partner Novus, the doubling of production capacities at its Beaumont site in Texas to supply high value-added sulfur derivatives for the new methionine hydroxy analogue production unit announced by Novus at the end of 2017 at a site in Calhoun County, Texas.

This project would support the strong annual growth of the global demand for methionine, an essential amino acid for animal nutrition, which should reach 6% over the coming years.

Subject to a final decision on this investment, expected to be made at the end of 2018, the new units should come on stream by the summer of 2021.

Arkema thus confirms its technological leadership in thiochemical processes and its ambition to strengthen its world-leading position in sulfur derivatives.

This project is part of Arkemas long-term ambition announced by the Group at its 2017 Capital Markets Day and would represent a milestone in the Groups future growth.

As MRC reported before, in late January 2017, Arkema announced a project for the sale to INEOS of its 50% stake in Oxochimie. Arkema produced oxo alcohols on the Lavera site (France) in a 50/50 manufacturing joint venture with INEOS. These products were used in part for the production of the groups acrylic esters in Europe.

We also remind that on 2 February 2015, Arkema finalized the acquisition of Bostik, the world's No. 3 in adhesives. With this acquisition, the group reached a new milestone in its development, and confirmed its ambition to become a world leader in specialty chemicals and advanced materials. Bostik's growth prospects and the complementarities identified between the two groups will sustain the success of this high value creating project.

Arkema is a leading European supplier of chlorochemicals and PVC. Kynar and Kynar Flex are registered trademarks of Arkema Inc.


mrcplast.com
Author:Margaret Volkova
Tags:adhesives, construction, paints and coatings, Arkema, Bostik, Ineos, USA.
Category:General News
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