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Arkema to acquire two bio-based Chinese companies

Posted on : 09 Jan, 2012

 

France’s leading chemicals producer, Arkema recently announced  investment of $365 million to acquire Chinese companies Hipro Polymers, a fast-expanding producer of biosourced nylon 10.10, and Casda Biomaterials, world leader in sebacic acid derived from castor oil. This acquisition will boost Arkema's position in China. The project is subject to approval by the Chinese authorities and the operation is anticipated to be  finalized in early 2012. Thus, with expanding demand for bio-based products, Asia is witnessing investments and expansions.

 

After being well-received by the international biobased chemicals industry experts and players at the 2011 inaugural Shanghai event, CMT will host the 2nd BiobasedChem Asia on 22-23 May, 2012 in Bangkok. The second edition aims to share insights on investments in Biobased chemicals in Asia, prospects & strategies for the Asian market , snapshot of current start-ups and more . An additional feature to the 2012 meet is a separately bookable post conference workshop on Biobased Feedstock Competitiveness & Conversion Economics and  Sweet Sorghum Cultivation & Pretreatment on 24 May 2012.

 

The program details are currently being finalized , anticipated to be completed soon. For now, to reserve seats, pre-register for 2nd BiobasedChem Asia  here. For additional information, email Ms Grace , grace@cmtsp.com.sg

 

Note: Participants are also encouraged to register  for CMT’s forthcoming  6th Bioplastics summit scheduled on 23-24 May 2012 in Bangkok. Program details to be finalized soon.