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Japanese catalyst industry expanding gradually
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MARKETS AND BUSINESS Japanese catalyst industry expanding gradually The catalyst industry is expanding gradually, with shipment value increasing by over Yen 100 bn ($877 M) in 2006, according to the Catalyst Manufacturers Association (Japan). Shipment value increased 35% year on year to Yen 412.5 bn in 2006, surpassing Yen 400 bn for the first time. However, the shipment volume declined 1% year on year to 105,361 tonnes. Output volume dropped 2% to 104,532 tonnes with the decline in oil refining applications. The outcome in 1Q 2007 is positive as shipment volume expanded year on year driven by strong applications for petrochemical production and polymerization. Shipment value during the quarter showed double-digit expansion. Demand is also expanding in China and other regions in Asia. A table lists the 2006 catalyst businesses. Japan Chemical Week, 13 Sep 2007, 48 (2432), 6
World enzymes to 2011 (2229) An analysis of the $4.1 bn world enzyme industry, with forecasts to 2016. Demand is forecast to grow at 7.6% annually through 2011. $5400; purchase by chapter or page available later. The Freedonia Group, 767 Beta Drive, Cleveland, OH 44143, USA. Tel: +1 440 684 9600. Fax: +1 440 646 0484 (1 Sep 2007)
COMPANY NEWS Advanced Enzyme Technologies expanding Industrial enzymes major Advanced Enzyme Technologies has recorded sales revenues of Rup 693 M for 2006-2007 (sales revenues of Rup 560 M in 2005-2006). Exports sales accounted for Rup 150 M for 20062007 and the company expects it to increase to over Rup 400 M for 2007-
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2008. During 2006-2007, the company invested Rup 150 M to set up a manufacturing plant in Indore and has earmarked Rup 350 for its expansion plan. With opening of the Indore plant, the company expects its turnover to increase by Rup 300 M for 2007-2008. Advanced Enzyme Technologies expects to achieve sales of Rup 2 bn by 2010. BioSpectrum, Jun 2007, 5 (6), 80, 177 (Website: http://www.biospectrumindia.com)
Ashland and Cargill sign pact with Davy By way of signing of a technology transfer agreement with Davy Process Technology, a part of Johnson Matthey, Ashland Inc (Ashland) and Cargill venture became the pioneers in using the highly efficient vapour phase hydrogenation technology for converting glycerol to propylene glycol. Ashland is a chemical company with varied business portfolios and Cargill is a global provider of food, agriculture, and risk management products and services. Chemical Engineering World, 31 Jul 2007, 42 (7), 20 & Chemical Engineering (New York), Aug 2007, 114 (8), 12
Bayer invests in catalysis research at RWTH Aachen BayerMaterialScience AG and Bayer Technology Services GmbH have signed a five-year agreement with the RWTH Aachen University for close cooperation in catalysis research. Catalysis has become a key technology in the chemical industry and almost none of Bayer’s products is made without involving some form of catalyst, according to Ian Paterson, a member of the board of BayerMaterialScience (BMS) and responsible for marketing and innovation, at the signing of the contract in Aachen. Over a period of five years BMS will invest a total of €6.05 M in the centre for catalysis research and Bayer Technology Services will contribute €1.24 M. NorthRhine Westphalia and the RWTH Aachen will provide an additional €2.7 M to finance the centre, which will employ up to 12 researchers. Meuse-Rhine Journal, 30 Sep 2007, (167) (Wadsworth & Wadsworth Assoc, PO Box 42, NL6245 ZG, Eijsden, The Netherlands. Tel: +31 43 4093719. Fax: +31 43 4098899. Website: http://www.meuse-rhine-journal.com)
Catalytica Energy Systems interim financial results 2Q and 1H 2007 For its 2Q 2007 (period ends 30 Jun 2007), Catalytica Energy Systems Inc has reported total revenues of $453,000 ($957,000 for its 2Q 2006), an operating loss of $3.749 M (operating loss of $1.462 M), a net loss of $3.578 M (net loss of $2.89 M), and a loss per share of $0.20 (net loss per share of $0.16). For its 1H 2007 the company has reported total revenues of $1.808 M ($3.936 M for its 2Q 2006), an operating loss of $5.744 M (operating loss of $1.8162 M), a net loss of $5.296 M (net loss of $4.615 M), and a loss per share of $0.29 (net loss per share of $0.25). There is discussion of the business and of the results. Catalytica Energy Systems interim financial results 2Q and 1H 2007, 14 Aug 2007 (Catalytica Energy Systems Inc, 430 Ferguson Drive, Bldg 3, Mountain View, CA 94043, USA. Tel: +1 650 960 3000. Website: http://www.catalyticaenergy.com)
Catalytica Energy Systems to merge with energy company Catalytica Energy Systems Inc has announced that stockholders of record as of the close of business on 31 Aug 2007 will be entitled to receive notice of and to vote at a forthcoming Special Meeting of Stockholders. The purpose of the Special Meeting will be to consider and vote on the proposed merger agreement between Catalytica Energy Systems and the renewable energy divisions of NZ Legacy LLC, pursuant to which the companies will combine and operate under a new holding company to be named Renegy Holdings, Inc. The transaction, which has been unanimously approved by the Board of Directors of Catalytica Energy Systems, is subject to approval by the stockholders of Catalytica Energy Systems, regulatory approvals and customary closing conditions, and is expected to close by the end of 3Q 2007. (The name NZ Legacy does not refer to New Zealand but is derived from the Arizona and New Mexico Land Company – Ed) Press release from: Catalytica Energy Systems Inc, Tempe, AZ, USA. Tel: +1 650 631 2847. Website: http://www.CatalyticaEnergy.com (23 Aug 2007)
NOVEMBER 2007
MARKETS AND BUSINESS Japanese catalyst industry expanding gradually The catalyst industry is expanding gradually, with shipment value increasing by over Yen 100 bn ($877 M) in 2006, according to the Catalyst Manufacturers Association (Japan). Shipment value increased 35% year on year to Yen 412.5 bn in 2006, surpassing Yen 400 bn for the first time. However, the shipment volume declined 1% year on year to 105,361 tonnes. Output volume dropped 2% to 104,532 tonnes with the decline in oil refining applications. The outcome in 1Q 2007 is positive as shipment volume expanded year on year driven by strong applications for petrochemical production and polymerization. Shipment value during the quarter showed double-digit expansion. Demand is also expanding in China and other regions in Asia. A table lists the 2006 catalyst businesses. Japan Chemical Week, 13 Sep 2007, 48 (2432), 6
World enzymes to 2011 (2229) An analysis of the $4.1 bn world enzyme industry, with forecasts to 2016. Demand is forecast to grow at 7.6% annually through 2011. $5400; purchase by chapter or page available later. The Freedonia Group, 767 Beta Drive, Cleveland, OH 44143, USA. Tel: +1 440 684 9600. Fax: +1 440 646 0484 (1 Sep 2007)
COMPANY NEWS Advanced Enzyme Technologies expanding Industrial enzymes major Advanced Enzyme Technologies has recorded sales revenues of Rup 693 M for 2006-2007 (sales revenues of Rup 560 M in 2005-2006). Exports sales accounted for Rup 150 M for 20062007 and the company expects it to increase to over Rup 400 M for 2007-
2
ON
C ATA LY S T S
2008. During 2006-2007, the company invested Rup 150 M to set up a manufacturing plant in Indore and has earmarked Rup 350 for its expansion plan. With opening of the Indore plant, the company expects its turnover to increase by Rup 300 M for 2007-2008. Advanced Enzyme Technologies expects to achieve sales of Rup 2 bn by 2010. BioSpectrum, Jun 2007, 5 (6), 80, 177 (Website: http://www.biospectrumindia.com)
Ashland and Cargill sign pact with Davy By way of signing of a technology transfer agreement with Davy Process Technology, a part of Johnson Matthey, Ashland Inc (Ashland) and Cargill venture became the pioneers in using the highly efficient vapour phase hydrogenation technology for converting glycerol to propylene glycol. Ashland is a chemical company with varied business portfolios and Cargill is a global provider of food, agriculture, and risk management products and services. Chemical Engineering World, 31 Jul 2007, 42 (7), 20 & Chemical Engineering (New York), Aug 2007, 114 (8), 12
Bayer invests in catalysis research at RWTH Aachen BayerMaterialScience AG and Bayer Technology Services GmbH have signed a five-year agreement with the RWTH Aachen University for close cooperation in catalysis research. Catalysis has become a key technology in the chemical industry and almost none of Bayer’s products is made without involving some form of catalyst, according to Ian Paterson, a member of the board of BayerMaterialScience (BMS) and responsible for marketing and innovation, at the signing of the contract in Aachen. Over a period of five years BMS will invest a total of €6.05 M in the centre for catalysis research and Bayer Technology Services will contribute €1.24 M. NorthRhine Westphalia and the RWTH Aachen will provide an additional €2.7 M to finance the centre, which will employ up to 12 researchers. Meuse-Rhine Journal, 30 Sep 2007, (167) (Wadsworth & Wadsworth Assoc, PO Box 42, NL6245 ZG, Eijsden, The Netherlands. Tel: +31 43 4093719. Fax: +31 43 4098899. Website: http://www.meuse-rhine-journal.com)
Catalytica Energy Systems interim financial results 2Q and 1H 2007 For its 2Q 2007 (period ends 30 Jun 2007), Catalytica Energy Systems Inc has reported total revenues of $453,000 ($957,000 for its 2Q 2006), an operating loss of $3.749 M (operating loss of $1.462 M), a net loss of $3.578 M (net loss of $2.89 M), and a loss per share of $0.20 (net loss per share of $0.16). For its 1H 2007 the company has reported total revenues of $1.808 M ($3.936 M for its 2Q 2006), an operating loss of $5.744 M (operating loss of $1.8162 M), a net loss of $5.296 M (net loss of $4.615 M), and a loss per share of $0.29 (net loss per share of $0.25). There is discussion of the business and of the results. Catalytica Energy Systems interim financial results 2Q and 1H 2007, 14 Aug 2007 (Catalytica Energy Systems Inc, 430 Ferguson Drive, Bldg 3, Mountain View, CA 94043, USA. Tel: +1 650 960 3000. Website: http://www.catalyticaenergy.com)
Catalytica Energy Systems to merge with energy company Catalytica Energy Systems Inc has announced that stockholders of record as of the close of business on 31 Aug 2007 will be entitled to receive notice of and to vote at a forthcoming Special Meeting of Stockholders. The purpose of the Special Meeting will be to consider and vote on the proposed merger agreement between Catalytica Energy Systems and the renewable energy divisions of NZ Legacy LLC, pursuant to which the companies will combine and operate under a new holding company to be named Renegy Holdings, Inc. The transaction, which has been unanimously approved by the Board of Directors of Catalytica Energy Systems, is subject to approval by the stockholders of Catalytica Energy Systems, regulatory approvals and customary closing conditions, and is expected to close by the end of 3Q 2007. (The name NZ Legacy does not refer to New Zealand but is derived from the Arizona and New Mexico Land Company – Ed) Press release from: Catalytica Energy Systems Inc, Tempe, AZ, USA. Tel: +1 650 631 2847. Website: http://www.CatalyticaEnergy.com (23 Aug 2007)
NOVEMBER 2007