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Stepan acquires Louisiana fermentation plant

February 24/2021

MOSCOW (MRC) -- Stepan Co. (Northfield, Ill.) has closed on the acquisition of a fermentation plant located in Lake Providence, Louisiana. Financial terms of the transaction were not disclosed, said Chemweek.

"Fermentation is a new platform technology for Stepan Company as we look to commercialize next generation surfactants. Bio-surfactants, produced via fermentation, are attractive due to their favorable biodegradability, low toxicity, and in some cases, unique antimicrobial properties, said F. Quinn Stepan Jr., Chairman and Chief Executive Officer of Stepan Company.

Bio-surfactants can be an attractive formulation option for customers in the agriculture, oilfield, personal care and household, industrial and institutional cleaning markets. In March 2020, Stepan closed on the acquisition of NATSURFACT, a rhamnolipid-based line of bio-surfactants derived from renewable sources. NATSURFACTs rhamnolipid technology provides an important new option as customers across markets seek new sustainability targets for their products.

"The acquisition of an industrial scale fermentation plant represents the latest step in our bio-surfactant commercialization efforts. With additional investment, we expect to be able to produce 20,000 metric tons per year of bio-surfactants from the site.  We look forward to working with our customers to bring these next generation surfactants to the market," Stepan said.

As MRC informed before, Stepan conducted planned maintenance at its 90,000 tonnes/year phthalic anhydride (PA) plant Millsdale, Illinois, US, from early October to end-October, 2020.

Phthalic anhydride is widely used in for the production of paints and varnishes and plasticizers for PVC products. In a small amount it is used in the manufacture of rubber products, tires. In addition, it is used in the light, pharmaceutical and electrical industries.

We remind that Russia's output of chemical products rose in November 2020 by 9.5% year on year. At the same time, production of basic chemicals increased in the first eleven months of 2020 by 6.6% year on year, according to Rosstat's data. According to the Federal State Statistics Service of the Russian Federation, polymers in primary form accounted for the greatest increase in the January-November 2020 output. November production of polymers in primary form rose to 896,000 tonnes from 852,000 tonnes in October. Overall output of polymers in primary form totalled 9,240,000 tonnes over the stated period, up by 17.1%  year on year.


mrcplast.com
Author:Anna Larionova
Tags:PVC, ftaleviy angidrid, EPVC, PVC paste, SPVC, Stepan Company.
Category:General News
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