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Süd-Chemie soars thanks to economic recovery
F O C U S breakdown products from cellulose to ethanol. The mobile pilot plant will undergo test runs at a number of the company’s facilities throughout Finland later in 2010. St1 says it will build 10-12 Cellunolix units in Finland which will produce around 200 M litre/y bioethanol from cellulose and lignocellulose. It is also planning to build 2 more plants for producing ethanol from straw with an output of up to 80 M litre/y. In addition, st1 intends to build one large and one small ethanol plant in Sweden, with the smaller using starchy food waste as raw material and producing 6070% ethanol which can then be distilled to nearly 100% ethanol at the larger plant which may be sited at Norrkoping. No investment decision has yet been made. Kemivarlden Biotech med Kemisk Tidskrift, 16 Apr 2010, (4), 10 (in Swedish)
Süd-Chemie profits fall: FY 2009 Süd-Chemie saw profits for FY 2009 drop 22% to €45 M ($61 M) on sales of €1.1 bn, down 10%, owing to the economic downturn. Ebit declined 11% to €103 M, but was higher than expected due to a non-recurring income of €14.9 M. Despite the decline, Süd-Chemie remains positive that it will bounce back to profit in 2010 because the global economy and global chemical market are set to grow. Chemical Week, 26 Apr 2010 (Website: http://www.chemweek.com)
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sales up 1% at €264 M. The increase in profits was due to better operating rates in some sectors, a more profitable product mix. And cost savings. EBITDA was up 12.4% at €30.8 M. The recovery in chemical markets has had a positive effect overall on Süd-Chemie so far in 2010. Only in catalysts technology was there a comparatively strong fall from a year ago because of postponed orders. Sales are expected to rise 5% in 2010 to €1.13 bn and operating profits after special items 10%. Chemie Technik (Heidelberg), 6 May 2010 (Website: http://www.chemietechnik.de) (in German)
Sumitomo Chemical: in pursuit of stable high growth through creative hybrid chemistry Sumitomo Chemical is a major chemical player in Japan that offers a range of products in six areas: basic chemicals; petrochemicals and plastics; fine chemicals; IT-related chemicals; agricultural chemicals and pharmaceuticals. The basic driving force of the company’s R&D strategy lies in the search for ‘Creative Hybrid Chemistry,’ which entails the integration of various processes developed in a variety of areas to develop and expand various businesses. Using this approach, Sumitomo Chemical has continuously developed novel technologies using its proprietary catalytic processes and via a combination of its major polymer design and processing technologies. Chemical Week, 3 May 2010, 172 (10), 23
Süd-Chemie soars thanks to economic recovery Süd-Chemie had EBIT up a fifth in 1Q 2010 at €15.9 M, on sales almost flat at €264 M. Growth was attributed to stronger demand, better capacity utilization in some divisions, and a greater proportion of more lucrative products, as well as to savings. The company has reaffirmed the 2010 target of sales climbing 5% and operating profits 10%. Handelsblatt Wirtschafts- und Finanzzeitung, 4 May 2010 (Website: http://www.handelsblatt.com) (in German)
Süd-Chemie: satisfactory start to 2010 Süd-Chemie had operating profits up 19.5% in 1Q 2010 at €15.9 M on
JUNE 2010
Verenium awarded DOE funding for demonstration-scale plant Verenium Corp has been awarded an additional $4.9 M from the US Department of Energy (DOE) to fund ongoing activities at its demonstrationscale plant in Jennings, LA. This cooperative agreement is an extension of the grant previously awarded to the company in Jul 2008 under a DOE programme supporting the development of demonstrationscale cellulosic ethanol biorefinery plants. The company plans to use the additional funds to support on-going cellulosic technology and process optimization at its Jennings plant. Verenium Corp is a leader in the
development and commercialisation of cellulosic ethanol, an environmentallyfriendly and renewable transportation fuel, as well as high-performance speciality enzymes for applications within the biofuels, industrial, and animal health markets. Press release from: Verenium Corp, 55 Cambridge Parkway, Cambridge, MA 02142, USA. Tel: +1 617 674 5300. Website: http://www.verenium.com (22 Apr 2010)
Grace and Borealis join for catalysts WR Grace has entered into a supply agreement for polypropylene catalysts with Austria’s Borealis. Grace already produces polyethylene catalysts and hopes the deal with Borealis will facilitate its penetration into catalysts for PP. Chemical and Engineering News, 12 Apr 2010, 88 (15), 15
Grace reports 1Q 2010 results: sales grew 23.2% in emerging regions For its 1Q 2010 (period ends 31 Mar 2010), the Grace Davison division of WR Grace & Co has reported net sales of $418.2 M ($477.8 M for its 1Q 2009), of which: Refining Technologies accounted for $171.9 M ($276.7 M), Materials Technologies $161.0 M ($134.0 M), and Speciality Technologies $85.3 M ($67.1 M); and adjusted EBIT of $87.7 M ($40.0 M). There is discussion of the business and of the results, including: Refining Technologies (catalysts, chemical additives), Materials Technology (engineered materials, coatings, sealants), and Speciality Technologies (catalysts, materials). WR Grace Results 1Q 2010, 22 Apr 2010, 3-5,13 (WR Grace & Co, 7500 Grace Drive, Columbia, MD 21044, USA. Website: http://www.grace.com)
Yuki Gosei close to starting new business in polymerization catalysts Yuki Gosei Kogyo aims to begin commercial production of polymerization catalysts in autumn 2010 at its Joban site. The company is positioning the catalysts as a new business segment that would drive the company’s corporate performance in the future. Yuki Gosei has been trying to slash costs in its custom manufacturing business for chemicals and pharmaceuticals while prioritizing
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Süd-Chemie profits fall: FY 2009 Süd-Chemie saw profits for FY 2009 drop 22% to €45 M ($61 M) on sales of €1.1 bn, down 10%, owing to the economic downturn. Ebit declined 11% to €103 M, but was higher than expected due to a non-recurring income of €14.9 M. Despite the decline, Süd-Chemie remains positive that it will bounce back to profit in 2010 because the global economy and global chemical market are set to grow. Chemical Week, 26 Apr 2010 (Website: http://www.chemweek.com)
O N
C ATA LY S T S
sales up 1% at €264 M. The increase in profits was due to better operating rates in some sectors, a more profitable product mix. And cost savings. EBITDA was up 12.4% at €30.8 M. The recovery in chemical markets has had a positive effect overall on Süd-Chemie so far in 2010. Only in catalysts technology was there a comparatively strong fall from a year ago because of postponed orders. Sales are expected to rise 5% in 2010 to €1.13 bn and operating profits after special items 10%. Chemie Technik (Heidelberg), 6 May 2010 (Website: http://www.chemietechnik.de) (in German)
Sumitomo Chemical: in pursuit of stable high growth through creative hybrid chemistry Sumitomo Chemical is a major chemical player in Japan that offers a range of products in six areas: basic chemicals; petrochemicals and plastics; fine chemicals; IT-related chemicals; agricultural chemicals and pharmaceuticals. The basic driving force of the company’s R&D strategy lies in the search for ‘Creative Hybrid Chemistry,’ which entails the integration of various processes developed in a variety of areas to develop and expand various businesses. Using this approach, Sumitomo Chemical has continuously developed novel technologies using its proprietary catalytic processes and via a combination of its major polymer design and processing technologies. Chemical Week, 3 May 2010, 172 (10), 23
Süd-Chemie soars thanks to economic recovery Süd-Chemie had EBIT up a fifth in 1Q 2010 at €15.9 M, on sales almost flat at €264 M. Growth was attributed to stronger demand, better capacity utilization in some divisions, and a greater proportion of more lucrative products, as well as to savings. The company has reaffirmed the 2010 target of sales climbing 5% and operating profits 10%. Handelsblatt Wirtschafts- und Finanzzeitung, 4 May 2010 (Website: http://www.handelsblatt.com) (in German)
Süd-Chemie: satisfactory start to 2010 Süd-Chemie had operating profits up 19.5% in 1Q 2010 at €15.9 M on
JUNE 2010
Verenium awarded DOE funding for demonstration-scale plant Verenium Corp has been awarded an additional $4.9 M from the US Department of Energy (DOE) to fund ongoing activities at its demonstrationscale plant in Jennings, LA. This cooperative agreement is an extension of the grant previously awarded to the company in Jul 2008 under a DOE programme supporting the development of demonstrationscale cellulosic ethanol biorefinery plants. The company plans to use the additional funds to support on-going cellulosic technology and process optimization at its Jennings plant. Verenium Corp is a leader in the
development and commercialisation of cellulosic ethanol, an environmentallyfriendly and renewable transportation fuel, as well as high-performance speciality enzymes for applications within the biofuels, industrial, and animal health markets. Press release from: Verenium Corp, 55 Cambridge Parkway, Cambridge, MA 02142, USA. Tel: +1 617 674 5300. Website: http://www.verenium.com (22 Apr 2010)
Grace and Borealis join for catalysts WR Grace has entered into a supply agreement for polypropylene catalysts with Austria’s Borealis. Grace already produces polyethylene catalysts and hopes the deal with Borealis will facilitate its penetration into catalysts for PP. Chemical and Engineering News, 12 Apr 2010, 88 (15), 15
Grace reports 1Q 2010 results: sales grew 23.2% in emerging regions For its 1Q 2010 (period ends 31 Mar 2010), the Grace Davison division of WR Grace & Co has reported net sales of $418.2 M ($477.8 M for its 1Q 2009), of which: Refining Technologies accounted for $171.9 M ($276.7 M), Materials Technologies $161.0 M ($134.0 M), and Speciality Technologies $85.3 M ($67.1 M); and adjusted EBIT of $87.7 M ($40.0 M). There is discussion of the business and of the results, including: Refining Technologies (catalysts, chemical additives), Materials Technology (engineered materials, coatings, sealants), and Speciality Technologies (catalysts, materials). WR Grace Results 1Q 2010, 22 Apr 2010, 3-5,13 (WR Grace & Co, 7500 Grace Drive, Columbia, MD 21044, USA. Website: http://www.grace.com)
Yuki Gosei close to starting new business in polymerization catalysts Yuki Gosei Kogyo aims to begin commercial production of polymerization catalysts in autumn 2010 at its Joban site. The company is positioning the catalysts as a new business segment that would drive the company’s corporate performance in the future. Yuki Gosei has been trying to slash costs in its custom manufacturing business for chemicals and pharmaceuticals while prioritizing
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