Home / Knowledge / News / Textiles / Clariant signs deal with Lummus for polypropylene catalyst
Clariant signs deal with Lummus for polypropylene catalyst
22
Aug '13
Clariant, a world leader in specialty chemicals, announced that its Business Unit Catalysts has signed long-term cooperation agreements with CB&I's Lummus Novolen Technology GmbH business unit.

The two companies will combine and ramp up R&D efforts to develop improved polypropylene catalyst and donor technologies. When successful, existing and future Lummus Novolen licensees and other polypropylene producers will be supplied with the new catalyst developed by a new state-of-the-art Ziegler-Natta polypropylene catalyst production line.

Clariant and Lummus Novolen will jointly invest about CHF 65 million in this new state-of-the-art polypropylene catalyst production line at Clariant's catalyst production hub in Louisville, Kentucky, USA. The plant is expected to be on stream in 2015.

By leveraging the successful licensing and process design experience of Lummus Novolen and the strong catalyst R&D capabilities of Clariant, the two companies expect to further strengthen their joint position in polypropylene catalyst.

The polypropylene Ziegler-Natta catalyst market is expected to continue the high growth pace shown over the last decade with estimated growth rates of more than five percent in the next five years.

Hariolf Kottmann, CEO of Clariant, stated: "The strategic partnership with Lummus Novolen is a significant milestone for the catalyst business. It strengthens our competitive position in a market with future perspectives and strong growth rates.

"This cooperation is another example for the successful implementation of Clariant's strategy which is focused on innovation, portfolio management and profitable growth."

"This alliance between Lummus Novolen and Clariant in the field of polypropylene catalyst will strengthen the innovation potential to better serve the needs of our clients. The state-of-the-art catalyst production plant will guarantee continuous supply and consistent product quality," said Daniel McCarthy, Executive Vice President and President of CB&I's Technology operating group.

"With this new direction, the Lummus Novolen technology portfolio will become an even more attractive offer to the growing polypropylene market."

Clariant

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search