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Huntsman releases 3Q 2012 results
FOCUS of important omega fatty acids and antioxidants. It is stable and can act as an effective emulsifier. Suitable applications include skin care, hair care, lip care, cosmetics and massage. Original Source: Natural Sourcing, 2012. Found on SpecialChem Cosmetics and Personal Care Innovation and Solutions, 1 Nov 2012, (Website: http://www.specialchem4cosmetics.com)
Other Demystifying demulsifiers One of the key focus areas for Croda’s Geo Technologies business in recent years has been the extraction, separation and shipment of unconventional crude oil. This focus has led to breakthroughs in the form of new heavy oil demulsifiers across a broad chemistry portfolio, including polymeric surfactants and esters. The company has formulated two heavy oil demulsifiers that meet OSPAR regulations. These demulsifiers, which are based on sustainable raw materials, are approved for application in environmentally sensitive areas, such as the North Sea. The two new products are part of a range of 15 recently brought to market by Croda with exceptional performance in heavy oil. Original Source: Speciality Chemicals, Nov 2012, 32 (11), 12 (Website: http://www.specchemonline.com/) © Quartz Business Media Ltd 2012
LEGISLATION Establishing the ecological criteria for the EU Ecolabel for I&I automatic dishwasher and laundry detergents On 14 Nov 2012, the European Commission adopted two Decisions establishing the ecological criteria for the award of the EU Ecolabel for, firstly, industrial and institutional (I&I) automatic dishwasher detergents, and secondly, I&I laundry detergents. The criteria for both product groups, as well as the related assessment and verification requirements, shall be valid for four years from the date of adoption of these Decisions. For administrative purposes, the code numbers assigned to the product groups are ‘038 and ‘039’, respectively. Further information, including details of the scope of each product group FEBRUARY 2013
ON
S U R FA C TA N T S
and their exclusions, are available in Official Journal of the European Union L Legislation.
Rising demand for personal care products triggers African palm oil production
Original Source: Official Journal of the European Union L Legislation, 24 Nov 2012, 55 (L326), 25-37 & 38-52 (Website: http://eur-lex.europa.eu/JOIndex.do) © European Union 2012
Ghana and Nigeria earned revenues of $53.2 M and $205.3 M respectively from palm oil in 2011, and this is estimated to reach $72.8 M and $290.4 M in 2016, according to Frost & Sullivan report Analysis of the Palm Oil Market in the Personal Care Industry in Nigeria and Ghana. The research covers applications in allpurpose soaps, beauty soaps, shower gels and body lotions. Escalating demand for palm oil from the countries’ personal care sector manufacturers is such that both Ghana and Nigeria remain net importers of palm oil.
MARKET REVIEWS Halal-certified cosmetics and personal care products are gaining popularity Global sales of halal-certified cosmetics and personal care products are estimated at above $5 bn. A growing number of cosmetics and ingredient firms are taking up halal certification in Asia. The highest adoption rates are in Muslim countries where multinationals including ColgatePalmolive and Avon have launched certified products. International chemical firms such as BASF and CP Kelco are also getting ingredients certified for these markets. Organic Monitor sees high potential for such products in the Middle-East and Asia. In many of these countries, the market for natural and organic cosmetics is growing by >20%/y. Rising consumer affluence, coupled with growing knowledge of cosmetic ingredients, is making consumers pay a premium for cosmetics that meet their ethical/ religious beliefs. The halal C&T market is also projected to thrive in France with the next generation of French-born Muslim entrepreneurs. Jamal Paris, currently the only halal-certified C&T manufacturer in the country, is relaunching its non-alcohol and animal-fat-free skin care products and shower gels. The company is aiming to double its turnover to around €1 M in 2013 from around €0.5 M in 2011. Other firms that are selling into France’s halal personal care products market include Dutch company Sahfee Care, US-based OnePure and British label Saaf Pure Skincare. Original Source: Organic Monitor, 2012. Found on SpecialChem Cosmetics and Personal Care Innovation and Solutions, 5 Nov 2012, (Website: http://www.specialchem4cosmetics.com). Original Source: SPC, Soap, Perfumery and Cosmetics, Sep 2012, 85 (9), 23 (Website: http://www.cosmeticsbusiness.com/) © HPCi Media Ltd 2012
Original Source: Frost & Sullivan, 2012. Found on SpecialChem Cosmetics and Personal Care Innovation and Solutions, 30 Nov 2012, (Website: http://www.specialchem4cosmetics.com)
COMPANY RESULTS Huntsman releases 3Q 2012 results Huntsman Corp reported revenues of $2741 M for 3Q ended Sep 2012. Net income attributable to Huntsman increased to $116 M for 3Q 2012 compared to a loss of $34 M in 3Q 2011. Adjusted EBITDA improved 16% to $401 M for 3Q 2012, a quarterly record. For the Performance Products division, revenues were down 12% to $742 M in 3Q 2012 due to lower average selling prices and lower sales volumes. Average selling prices decreased primarily in response to lower raw material costs and the strength of the US dollar against major international currencies. Sales volumes decreased primarily due to a shift to tolling arrangements. Adjusted EBITDA for the division was up 10% compared to 3Q 2011 to $107 M, due primarily to higher contribution margins as raw material costs decreased. Original Source: Huntsman Corp, 10003 Woodloch Forest Drive, The Woodlands, TX 77380, USA, tel: +1 281 719 6000, website: http://www.huntsman.com (2 Nov 2012) © Huntsman International LLC 2012
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Other Demystifying demulsifiers One of the key focus areas for Croda’s Geo Technologies business in recent years has been the extraction, separation and shipment of unconventional crude oil. This focus has led to breakthroughs in the form of new heavy oil demulsifiers across a broad chemistry portfolio, including polymeric surfactants and esters. The company has formulated two heavy oil demulsifiers that meet OSPAR regulations. These demulsifiers, which are based on sustainable raw materials, are approved for application in environmentally sensitive areas, such as the North Sea. The two new products are part of a range of 15 recently brought to market by Croda with exceptional performance in heavy oil. Original Source: Speciality Chemicals, Nov 2012, 32 (11), 12 (Website: http://www.specchemonline.com/) © Quartz Business Media Ltd 2012
LEGISLATION Establishing the ecological criteria for the EU Ecolabel for I&I automatic dishwasher and laundry detergents On 14 Nov 2012, the European Commission adopted two Decisions establishing the ecological criteria for the award of the EU Ecolabel for, firstly, industrial and institutional (I&I) automatic dishwasher detergents, and secondly, I&I laundry detergents. The criteria for both product groups, as well as the related assessment and verification requirements, shall be valid for four years from the date of adoption of these Decisions. For administrative purposes, the code numbers assigned to the product groups are ‘038 and ‘039’, respectively. Further information, including details of the scope of each product group FEBRUARY 2013
ON
S U R FA C TA N T S
and their exclusions, are available in Official Journal of the European Union L Legislation.
Rising demand for personal care products triggers African palm oil production
Original Source: Official Journal of the European Union L Legislation, 24 Nov 2012, 55 (L326), 25-37 & 38-52 (Website: http://eur-lex.europa.eu/JOIndex.do) © European Union 2012
Ghana and Nigeria earned revenues of $53.2 M and $205.3 M respectively from palm oil in 2011, and this is estimated to reach $72.8 M and $290.4 M in 2016, according to Frost & Sullivan report Analysis of the Palm Oil Market in the Personal Care Industry in Nigeria and Ghana. The research covers applications in allpurpose soaps, beauty soaps, shower gels and body lotions. Escalating demand for palm oil from the countries’ personal care sector manufacturers is such that both Ghana and Nigeria remain net importers of palm oil.
MARKET REVIEWS Halal-certified cosmetics and personal care products are gaining popularity Global sales of halal-certified cosmetics and personal care products are estimated at above $5 bn. A growing number of cosmetics and ingredient firms are taking up halal certification in Asia. The highest adoption rates are in Muslim countries where multinationals including ColgatePalmolive and Avon have launched certified products. International chemical firms such as BASF and CP Kelco are also getting ingredients certified for these markets. Organic Monitor sees high potential for such products in the Middle-East and Asia. In many of these countries, the market for natural and organic cosmetics is growing by >20%/y. Rising consumer affluence, coupled with growing knowledge of cosmetic ingredients, is making consumers pay a premium for cosmetics that meet their ethical/ religious beliefs. The halal C&T market is also projected to thrive in France with the next generation of French-born Muslim entrepreneurs. Jamal Paris, currently the only halal-certified C&T manufacturer in the country, is relaunching its non-alcohol and animal-fat-free skin care products and shower gels. The company is aiming to double its turnover to around €1 M in 2013 from around €0.5 M in 2011. Other firms that are selling into France’s halal personal care products market include Dutch company Sahfee Care, US-based OnePure and British label Saaf Pure Skincare. Original Source: Organic Monitor, 2012. Found on SpecialChem Cosmetics and Personal Care Innovation and Solutions, 5 Nov 2012, (Website: http://www.specialchem4cosmetics.com). Original Source: SPC, Soap, Perfumery and Cosmetics, Sep 2012, 85 (9), 23 (Website: http://www.cosmeticsbusiness.com/) © HPCi Media Ltd 2012
Original Source: Frost & Sullivan, 2012. Found on SpecialChem Cosmetics and Personal Care Innovation and Solutions, 30 Nov 2012, (Website: http://www.specialchem4cosmetics.com)
COMPANY RESULTS Huntsman releases 3Q 2012 results Huntsman Corp reported revenues of $2741 M for 3Q ended Sep 2012. Net income attributable to Huntsman increased to $116 M for 3Q 2012 compared to a loss of $34 M in 3Q 2011. Adjusted EBITDA improved 16% to $401 M for 3Q 2012, a quarterly record. For the Performance Products division, revenues were down 12% to $742 M in 3Q 2012 due to lower average selling prices and lower sales volumes. Average selling prices decreased primarily in response to lower raw material costs and the strength of the US dollar against major international currencies. Sales volumes decreased primarily due to a shift to tolling arrangements. Adjusted EBITDA for the division was up 10% compared to 3Q 2011 to $107 M, due primarily to higher contribution margins as raw material costs decreased. Original Source: Huntsman Corp, 10003 Woodloch Forest Drive, The Woodlands, TX 77380, USA, tel: +1 281 719 6000, website: http://www.huntsman.com (2 Nov 2012) © Huntsman International LLC 2012
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