Arkema to Build a New Bio-Based Polyamide 11 Powders Plant in China

Rhea-AI Summary

Arkema has announced plans to construct a new polyamide 11 powders plant in Changshu, China, set to begin operations in Q1 2023. This facility supports a 50% increase in global bio-based polyamide 11 production capacity, aligning with rising demand in Asia. The polyamide 11 powders, made from renewable castor beans, are known for their durability and versatility, catering to industries like aerospace and additive manufacturing. This expansion complements a larger project in Singapore, part of a €450 million investment in Asia.

Positive

• Construction of new polyamide 11 powders plant in China to commence in Q1 2023.
• 50% increase in global production capacity of bio-based polyamide 11 to meet growing demand in Asia.
• Polyamide 11 powders are made from renewable resources, enhancing sustainability credentials.
• Investment supports ambitious sustainability commitments with efficient manufacturing processes.

Negative

• None.

COLOMBES, France--(BUSINESS WIRE)-- Regulatory News:

In parallel with its major project to increase global capacity of bio-based polyamide 11 by 50% in Singapore, Arkema (Paris:AKE) announces the construction of a polyamide 11 powders plant on its Changshu platform in China, scheduled to come on stream in the first quarter of 2023. This investment will further support the growing demand for advanced bio-circular materials in Asia.

Rilsan^® polyamide 11 powders, currently produced in France entirely from renewable castor beans, are recognized worldwide for their superior properties and performance in terms of toughness, durability, lightweight and processing versatility. They are used in very demanding applications and provide innovative solutions for fast-growing markets driven by megatrends such as durable home appliances, energy-efficient transport, and advanced additive manufacturing (3D printing) primarily for consumer, industrial, and aerospace markets.

Beyond the bio-based nature of the powder, this project will also contribute to Arkema’s ambitious sustainability commitments by using highly efficient manufacturing processes and by being physically closer to the new amino 11 plant in Singapore.

“We are very excited about this expansion”, said Erwoan Pezron, Senior Vice President, High Performance Polymers. “There is strong and growing demand in Asia across all of our key powders markets and this added capacity will enable us to supply the region from within the region.”

This expansion goes hand in hand with the Group’s major polyamide 11 plant currently under construction in Singapore, which is on track to start production mid-2022, and is included in the €450 million exceptional capital expenditure envelope dedicated to polyamide expansion in Asia.

Building on its unique set of expertise in materials science, Arkema offers a portfolio of first-class technologies to address ever-growing demand for new and sustainable materials. With the ambition to become in 2024 a pure player in Specialty Materials, the Group is structured into 3 complementary, resilient and highly innovative segments dedicated to Specialty Materials -Adhesive solutions, Advanced Materials, and Coating Solutions- accounting for some 82% of Group sales in 2020, and a well-positioned and competitive Intermediates segment. Arkema offers cutting-edge technological solutions to meet the challenges of, among other things, new energies, access to water, recycling, urbanization and mobility, and fosters a permanent dialogue with all its stakeholders. The Group reported sales of around €8 billion in 2020, and operates in some 55 countries with 20,600 employees worldwide. www.arkema.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20211010005048/en/

INVESTOR RELATIONS

Béatrice Zilm

+33 1 49 00 75 58

beatrice.zilm@arkema.com

Peter Farren

+33 1 49 00 73 12

peter.farren@arkema.com

Mathieu Briatta

+33 1 49 00 72 07

mathieu.briatta@arkema.com

Caroline Chung

+33 1 49 00 74 37

caroline.chung@arkema.com

MEDIA

Gilles Galinier

+33 1 49 00 70 07

gilles.galinier@arkema.com

Véronique Obrecht

+33 1 49 00 88 41

veronique.obrecht@arkema.com

Source: Arkema

FAQ

What is Arkema's new project in China related to polyamide 11?

Arkema plans to build a new polyamide 11 powders plant in Changshu, China, which will begin operations in Q1 2023.

How much is Arkema investing in its polyamide expansion in Asia?

Arkema is investing €450 million in its polyamide expansion in Asia, including the new plant in China.

What are the benefits of polyamide 11 powders produced by Arkema?

Arkema's polyamide 11 powders are recognized for their toughness, durability, and versatility, suitable for demanding applications in aerospace and additive manufacturing.

When is Arkema's new polyamide 11 plant in Singapore expected to start production?

The new polyamide 11 plant in Singapore is on track to start production in mid-2022.