A Game-Changer Bridging the Gap Between Sustainability and Industry in the Field of Bio-Based Specialty Chemicals
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7-8/2015 JULY INTERNATIINTERNATI NALNAL Chemicals Logistics How the cosmetics industry is THE NEWSPAPER FOR THE Recent developments and playing its part in current trends in sustainable development CHEMICAL AND supply-chain management Page 8 LIFE SCIENCE MARKETS Pages 9 – 12 © Africa Studio - Fotolia.com © Dmitry Perov - Fotolia.com A Game-Changer Bridging the Gap between Sustainability and Industry in the Field of Bio-based Specialty Chemicals ormed in 2007, Elevance Renewable Sciences produces high-performance As a high-performance, renewa- ingredients for use in personal care products, detergents, lubricants, and ble, collaboration-oriented company, we are in a unique market position Fother specialty chemicals and fuel markets from natural, plant-based oils. in the $500 billion specialty chemi- Based on its model, the Woodridge, Illinois, USA based enterprise claims to be the cal market. first company to successfully bridge the renewables and chemicals industries. What is your expectation for the Elevance is one of the companies that could revolutionize the specialty chemicals future market growth for bio- BUSS CHEMTECH value chain. CHEManager International asked Bob Kumpf, chief technology of- based specialty chemicals from EICKHOFF ficer at Elevance, about his strategy to further develop the company’s innovative natural oils? KRESTA KWE technologies and bringing novel bio-based specialty products onto the market. B. Kumpf: Future market growth will TRIPLAN be significant. Today, Elevance is VENTURIS IT commercially supplying partners CHEManager International: Where Using a proprietary and Nobel with better-performing, cost-com- Thank you for your visit has Elevance come from and how Prize-winning technology called petitive renewable alternatives to Bob Kumpf, CTO, to our stand at ACHEMA. did the company start? olefin metathesis, we have built and petrochemicals across multiple in- Elevance Renewable More information about now operate a 180,000 metric ton dustries. Through our groundbreak- Sciences our services on: www.kresta-industries.com B. Kumpf: Elevance began with a world-scale biorefinery in a joint ing technology, Elevance is deliver- grant from the US Department of venture with Wilmar International; ing and enabling high-performance Energy in 2004, and today we are a acquired and begun converting a specialty chemicals that meet criti- high-growth biochemistry company wholly owned biodiesel facility into a cal industry needs and trends. Our N EWSFLOW delivering specialty chemicals that second 310,000 metric ton biorefin- products, and those of our custom- exceed the performance of existing ery; established collaborations with ers, are helping the industry move M&A-News: products while leaving a smaller leading chemical industry players in beyond petrochemicals to something Celgene has agreed to pay $7.2 billi- on to acquire compatriot Receptos. environmental footprint. These feedstocks, technology, manufactur- that is better, a new generation of specialty chemicals are used in ing and markets; and commercial- chemistry with a smaller environ- Platform Specialty Products has personal care products, detergents ized a string of novel, high-perfor- mental footprint — a new category offered $2.3 billion for all shares and cleaners, engineered polymers, mance products that include clean- of products we call Renewicals. of UK-based Alent. lubricants and additives, and other ing and personal care ingredients More on Page 2 ▶ specialty chemicals markets. and a renewable synthetic base oil. Continues Page 7 ▶ Companies: Sanofi has announced plans to streamline its corporate structure Monsanto Steps up Pressure in Pursuit of Syngenta Inovyn Starts, BASF Quits PVC with effect from January 2016. gribusiness giant Monsanto in the near term” and also “a new ollowing clearance of the Ineos is planning to move some of its corporate functions back to is leaving no stone unturned company focused on accelerating merger by the European the UK. innovation and sustainability in in its quest to take over agriculture.” To legislators, he said Commission in mid-June, PVC More on Page 3 ▶ A F Swiss rival Syngenta. Since making an Monsanto intended to pay taxes producer Inovyn, the new 50:50 joint Investments: initial hostile $45 billion bid in May, its “on all US operations of the merged venture of Ineos and Solvay, officially BASF has commissioned a new company,” even if it moved corpo- production plant for form-release management has held meetings with rate headquarters to London, as has started trading on Jul. 1. agents at its Staßfurt, Germany, site. representatives of the Swiss company Michel Demaré, chairman of the board, Syngenta been suggested. Jean-Pierre Clamadieu, CEO, Solvay and its major shareholders as well as Behind the scenes in Europe, ob- Headquartered in London, the new Borealis plans to invest €160 million servers of the tussle are speculating company has pro forma sales of to upgrade and revamp four cracker US farmers and legislators. berg reported in mid-July that Paul- on which peripheral deals could be more than €3 billion, 4,300 em- PVC joint venture with Solvay for an furnaces at Stenungsund, Sweden. son & Co., the hedge fund of billion- forthcoming if, lured by the US of- ployees and assets across 18 sites undisclosed sum, effective Jul 1. As More on Page 9 and 14 ▶ Syngenta has continued to hold out, aire US investor John Paulson, had fer, Syngenta shareholders agree to in Belgium, France, Germany, Italy, part of the deal, Inovyn has agreed with supervisory board chairman acquired “a large number of shares” tender. Germany’s Bayer and BASF, Norway, Spain, Sweden and the UK. to supply basic chemicals to BASF’S People: Michel Demaré taking to YouTube to in Syngenta, which could place the both agricultural giants in their own The partners said final terms of Antwerp, Belgium, site. Evonik appointed Ralph Sven Kauf- mann as new COO, replacing Patrik present the company’s arguments. fund among the Swiss firm’s 20 larg- right, have been named as candi- the jv agreement remain “materially SolVin was established in 1999 Wohlhauser. In particular, he said the bid “gross- est shareholders. dates for Syngenta’s seed business, unchanged” from those announced a as a 75:25 joint venture of Solvay ly undervalues” the world’s largest Convincing US farmers that a which Monsanto undoubtedly would year ago, when plans were first re- and BASF. The German partner said More on Page 15 ▶ producer of chemical crop protect- deal between the two global be- have to sell to allay antitrust con- vealed. Upon closing, Solvay received at the time it intended to exit the ants and the US rival is downplaying hemoths will not further reduce cerns. an upfront cash payment of €150 mil- business at some point in the future. the execution risks inherent in such competition in the market for seed After a wave of mergers in recent lion from Ineos, subject to customary Unclear is whether SolVin will be a deal. “Monsanto has endorsed our and chemicals, and legislators that years, only six research-oriented adjustments such as actual working operated as a standalone company strategy and clearly demonstrated Monsanto will not move tax dollars agrochemical players are left in the capital levels. In addition to contrib- held by Inovyn or be absorbed by it. that it has great value,” Demaré outside the country have also been industry, and many have coopera- uting its entire European chlorovinyl Integration of the former Bel- said, but it is “trying to buy the com- at the top of the company’s to-do list tion pacts. “If the two biggest were business, Solvay has transferred li- gian-German jv is not known to pany “on the cheap.” this summer. to go together, inevitably it would abilities of around €260 million to have been included in the terms of Monsanto, which needs Syngenta In an “Open Letter to Growers” force others to review their strate- the new company. When the Belgian the EU approval of Inovyn but the to regain muscle in conventional published as a full-page advertise- gies,” Bayer CropScience chief Liam group sells its stake to Ineos in 2018, PVC producer would seem certain to crop protection after years of bet- ment in rural US newspapers, CEO Condon remarked in a news agency as agreed, it is due to receive an addi- be bound to through supply agree- ting mainly on seed, meanwhile ap- Hugh Grant said the combination interview. (dw) tional, performance-based payment ments. At the latest when Solvay ex- pears to have convinced at least one with Syngenta would “create a in the range of €95-280 million. its the business in 2018, full integra- major investor of the merits of its portfolio of choices that can im- Simultaneously, BASF announced tion into Ineos would appear likely. strategy. The news agency Bloom- prove your day-to-day-operations ▪ the sale of its 25% stake in its SolVin Commenting on the launch of Inovyn, Solvay CEO Jean-Pierre Clamadieu said the Belgian group’s transformation “has reached a key milestone.” Ineos chairman Jim Rat- cliffe said the joint venture “com- Load quickly bines two businesses with a strong · PF 11 05 64 · 69469 Weinheim · Pressepost · DPAG· Entgelt bezahlt · 78719 Entgelt · DPAG· · Pressepost Weinheim · PF 11 05 64 69469 heritage in the chlorovinyls industry, – safely creating a company fit to thrive in www.rs-seliger.de an ever changing business environ- WILEY VCH WILEY ment.” (dw) ▪ rs817gb-kleinanzeigen-2012-asvl-en-215x29-end.indd 1 23.03.2012 11:43:16 chemanager-online.com/en Page 2 MARKETS & COMPANIES CHEManager