SOLVAY TO BUILD BIO-BASED EPICHLOROHYDRIN PLANT IN CHINA TO SERVE LARGEST MARKET IN THE WORLD
Brussels, 11 June 2012, at 7:30 am
Chinese epichlorohydrin market expected to grow on average by 8% per year
Solvay announced today its Thai affiliate Vinythai will serve the vast and growing Chinese epichlorohydrin market with a new production plant in Taixing, China. The plant with an initial capacity of 100,000 tons epichlorohydrin per year requires an investment of EUR 155 million and should become operational in the second half of 2014.
The Chinese epichlorohydrin market is expected to grow on annual basis by 8% and represent 35% of total world demand in 2016. Epichlorohydrin is an essential feedstock for the production of epoxy resins, increasingly used in applications such as corrosion protection coatings as well in the electronics, automotive, aerospace industry or wind turbine industry.
The new plant located in the Taixing Economic Development Park will be based on Solvay's proprietary bio-based EpicerolR technology. The plant will use as feedstock natural glycerin obtained as by-product from the production of biofuels. This cost competitive and eco-efficient process requires less invested capital, has a 60% lower CO2 balance (cradle to gate), while dividing the volume of chlorinated by-products by eight compared to the conventional propylene based process. The EpicerolR technology is protected by 1000 patent titles, some of them already granted in different parts of the world.
Vinythai started smoothly its first 100,000 tons epichlorohydrin unit based on the EpicerolR technology in Thailand on last February 2012 and is now supplying regularly the Asian market. The new plant will make Vinythai the second largest epichlorohydrin producer in Asia. Vinythai's board of directors has proposed the shareholders of Vinythai to approve the investment formally in July 2012.
"We look forward to bringing the benefits of our bio-based EpicerolR technology to China, the largest epichlorohydrin market in the world. This proprietary technology will contribute to realize the goals of the PRC 12th Five Year Plan to promote sustainability and renewable chemistry," commented Vincent De Cuyper, Group General Manager of Solvay's Chemical Sector. "Customers in China will benefit from the steady supply of sustainable and bio-based epichlorohydrin, contributing to improve their environmental footprint," he added.
VINYTHAI is a Vinyl, Chlor-alkali and Epichlorohydrin producer listed on the Stock Exchange of Thailand. Its major shareholders are the Solvay Group (58.77%) and PTT Global Chemical Public Company Limited (24.98%).
SOLVAY is an international chemical Group committed to sustainable development with a clear focus on innovation and operational excellence. It is realizing over 90% of its sales in markets where it is among the top 3 global leaders. Solvay offers a broad range of products that contribute to improving the quality of life and the performance of its customers in markets such as consumer goods, construction, automotive, energy, water and environment, and electronics. The Group is headquartered in Brussels, employs about 29,000 people in 55 countries and generated EUR 12.7 billion in net sales in 2011 (pro forma). Solvay SA (SOLB.BE) is listed on NYSE Euronext in Brussels and Paris (Bloomberg: SOLB.BB - Reuters: SOLBt.BR).
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Source: Solvay S.A. via Thomson Reuters ONE
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