Company News
April 25, 2022
Indorama PO FM
Indorama Force Majeure Notice. April 15th, 2022
In Pricing by PattyHApril 22, 2022
On Friday, April 15, 2022 we experienced a mechanical breakdown of sections of our
PO/MTBE unit at our manufacturing facility in Port Neches, TX (the “Site”). Because of this
issue, we were forced to shut down a portion of our manufacturing facilities at the Site. This
shut down prevents us from performing as required under various manufacturing and supply
contracts. As a result, Indorama declares Force Majeure under all contracts requiring Indorama
to manufacture, supply or otherwise deliver:
(i) PROPYLENE OXIDE (ALL GRADES and SPECIFICATIONS);
(ii) PROPYLENE GLYCOL (ALL GRADES and SPECIFICATIONS); and
(iii) METHYL TERTIARY BUTYL ETHER – MTBE (collectively, “Products”).
This Force Majeure is effective as of April 15, 2022 at 00:00 a.m. CDT. We will strive
to promptly update you of all material developments as soon as they occur and will notify you
shortly of your allocation regarding the manufacture, supply or delivery of Products for the
remainder of the month of April and for the month of May.
We expect to start up and resume operations as soon as reasonably practical, consistent
with our commitment to the safety of our employees and the communities in which we operate.
Click here to read the official announcement.
April 21, 2022
Dow Expanding Alkoxylation Capacity
Dow announces new alkoxylation capacity in U.S. and Europe to meet continued robust demand growth
Thu, April 21, 2022, 3:05 AM·6 min readIn this article:
- New capacity to support global growth in key end-markets delivering 10% to 15% annual growth rates
- Builds on previously announced capacity expansions, increasing Company’s global alkoxylation capacity by 70% vs. 2020 baseline, collectively
- Higher return and faster-payback projects expected to come online in 2024 and 2025
MIDLAND, Mich., April 21, 2022 /PRNewswire/ — Dow (NYSE: DOW) announced today plans to expand its global alkoxylation capacity in the U.S. and Europe to meet increasing demand across a wide range of fast-growing end-markets where the Company is delivering 10% to 15% annual growth rates, from home and personal care to industrial and institutional cleaning solutions and pharmaceuticals.
The faster-payback, higher return investments announced today will increase Dow’s capacity, while maintaining current carbon emissions levels through the use of efficient technologies and site improvements. These investments in the U.S. and Europe are backed by supply agreements with customers, including leading consumer brands, and expected to come online in 2024 and 2025, respectively.
“We have consistently seen increased demand for our alkoxylation capabilities aligned to industry sectors growing faster than GDP across the cycle,” said Brendy Lange, business vice president of Dow Industrial Solutions. “These latest investments are another demonstration of our commitment to customer collaboration and innovation backed by industry leading integration.”
Today’s announcement builds on the Company’s alkoxylation capacity expansions announced in 2018 in Louisiana and in 2019 in Spain, which are both on track to come online this year. In total, these and other efficiency projects are expected to generate more than $150 million in run-rate EBITDA by 2025, with returns greater than 20%. Collectively, Dow’s investments will result in approximately 70% global capacity growth for Dow and its customers since 2020.
Dow’s versatile alkoxylation assets upgrade basic materials science building blocks to produce safe and sustainable ingredients for cosmetics, household and industrial cleaning, home and personal care, crop defense, oil and gas, pharmaceuticals, paints and many other products for everyday use in a number of product lines, including TERGITOL™, UCON™, ECOSURF™, and CARBOWAX™ SENTRY™.
https://finance.yahoo.com/news/dow-announces-alkoxylation-capacity-u-100500396.html
April 21, 2022
Dow Expanding Alkoxylation Capacity
Dow announces new alkoxylation capacity in U.S. and Europe to meet continued robust demand growth
Thu, April 21, 2022, 3:05 AM·6 min readIn this article:
- New capacity to support global growth in key end-markets delivering 10% to 15% annual growth rates
- Builds on previously announced capacity expansions, increasing Company’s global alkoxylation capacity by 70% vs. 2020 baseline, collectively
- Higher return and faster-payback projects expected to come online in 2024 and 2025
MIDLAND, Mich., April 21, 2022 /PRNewswire/ — Dow (NYSE: DOW) announced today plans to expand its global alkoxylation capacity in the U.S. and Europe to meet increasing demand across a wide range of fast-growing end-markets where the Company is delivering 10% to 15% annual growth rates, from home and personal care to industrial and institutional cleaning solutions and pharmaceuticals.
The faster-payback, higher return investments announced today will increase Dow’s capacity, while maintaining current carbon emissions levels through the use of efficient technologies and site improvements. These investments in the U.S. and Europe are backed by supply agreements with customers, including leading consumer brands, and expected to come online in 2024 and 2025, respectively.
“We have consistently seen increased demand for our alkoxylation capabilities aligned to industry sectors growing faster than GDP across the cycle,” said Brendy Lange, business vice president of Dow Industrial Solutions. “These latest investments are another demonstration of our commitment to customer collaboration and innovation backed by industry leading integration.”
Today’s announcement builds on the Company’s alkoxylation capacity expansions announced in 2018 in Louisiana and in 2019 in Spain, which are both on track to come online this year. In total, these and other efficiency projects are expected to generate more than $150 million in run-rate EBITDA by 2025, with returns greater than 20%. Collectively, Dow’s investments will result in approximately 70% global capacity growth for Dow and its customers since 2020.
Dow’s versatile alkoxylation assets upgrade basic materials science building blocks to produce safe and sustainable ingredients for cosmetics, household and industrial cleaning, home and personal care, crop defense, oil and gas, pharmaceuticals, paints and many other products for everyday use in a number of product lines, including TERGITOL™, UCON™, ECOSURF™, and CARBOWAX™ SENTRY™.
https://finance.yahoo.com/news/dow-announces-alkoxylation-capacity-u-100500396.html
April 18, 2022
Palmer Holland Adds Line
Palmer Holland Announces Distribution Partnership with Synasia
April 18, 2022 Cleveland, OH – April 18, 2022 – Palmer Holland, a North American specialty chemical and fine ingredient distributor, announces its exclusive distribution partnership with Synasia in the United States (except for the western region) and all of Canada.
Synasia manufactures high-performance, environmentally friendly specialty epoxy resins. Its offerings of Cycloaliphatic Epoxy Resins can be found in a variety of applications such as SLA 3D printing, LED encapsulation adhesives, optical adhesives and UV-curing products, epoxy resin active diluents, outdoor electrical products, and PVC or PC stabilizers.
About Synasia
Synasia has two production plants in NanTong and YanTai, China, and a sales office is in Shanghai, China. We have more than 30 researchers with PhDs, master’s degrees, and key universities bachelor’s degrees in our R&D center, and aim to develop new materials, high-quality products, and excellent service. Our products are specialty epoxy resin and are widely used in aviation, aerospace, nuclear industry, electronic technology, wind power, photoelectricity industry, and new composite materials.Back to In The News
https://www.palmerholland.com/in-the-news/left-featured-article/Palmer-Holland-Partners-With-Synasia
April 18, 2022
Palmer Holland Adds Line
Palmer Holland Announces Distribution Partnership with Synasia
April 18, 2022 Cleveland, OH – April 18, 2022 – Palmer Holland, a North American specialty chemical and fine ingredient distributor, announces its exclusive distribution partnership with Synasia in the United States (except for the western region) and all of Canada.
Synasia manufactures high-performance, environmentally friendly specialty epoxy resins. Its offerings of Cycloaliphatic Epoxy Resins can be found in a variety of applications such as SLA 3D printing, LED encapsulation adhesives, optical adhesives and UV-curing products, epoxy resin active diluents, outdoor electrical products, and PVC or PC stabilizers.
About Synasia
Synasia has two production plants in NanTong and YanTai, China, and a sales office is in Shanghai, China. We have more than 30 researchers with PhDs, master’s degrees, and key universities bachelor’s degrees in our R&D center, and aim to develop new materials, high-quality products, and excellent service. Our products are specialty epoxy resin and are widely used in aviation, aerospace, nuclear industry, electronic technology, wind power, photoelectricity industry, and new composite materials.Back to In The News
https://www.palmerholland.com/in-the-news/left-featured-article/Palmer-Holland-Partners-With-Synasia
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