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Perstorp breaks ground on India pentaerythritol site

November 11/2019

MOSCOW (MRC) -- Perstorp has broken ground at a new site in Gujarat, India, for the production of pentaerythritol (penta), said the company on its website.

The world scale, green-field Gujarat plant will produce Penta, including the renewable grades of Voxtar, providing up to a 60% reduced carbon footprint.

Construction of the Gujarat plant started in October this year, with commercial production planned to start in Q1 2022. When fully operational, the site will employ 120 people. The investment will significantly expand Perstorps Penta production capacity, designed to produce 40,000 ton/yr of Penta from 2022.

Penta has a vast range of application areas, being an essential building block ingredient in coatings, as well synthetic lubricants and antioxidants. The Gujarat investment will reinforce Perstorps ability to meet growing demand, particularly in Asian markets, as well as offering various Penta qualities including Penta Mono and Di-Penta and, additionally, calcium formate.

Perstorp will also produce its renewable grade of penta which can be used as a building block ingredient in coatings, as well as synthetic lubricants and antioxidants which can provide up to a 60% reduction in carbon emissions.

As it was written earlier, Perstorp introduced in September 2019 a renewable polyol ester (non-phthalate) plasticizer Pevalen Pro. It will make flexible PVC an even more attractive choice of plastic, based on a significantly lower carbon footprint versus competing materials and technologies. Pevalen Pro improves the sustainability of PVC without compromise on quality and performance.

As per ICIS-MRC Price Report, negotiations over November shipments of suspension polyvinyl chloride (SPVC) began in the Russian market this week. Some producers significantly decreased prices, in some cases up to roubles (Rb) 4,000/tonne. November deals for K64/67 PVC were negotiated in the range of Rb72,000-74,000/tonne CPT Moscow, including VAT, for lots of less than 500 tonnes. K70 PVC was contracted at the prices, which were by on average of Rb1,000/tonnes higher.
Author:Anna Larionova
Tags:PVC, Perstorp.
Category:General News
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