23 August 2013
Details
Archer Daniels Midland Company (ADM),
CIC Holdings PLC and
Chemanex PLC
have formed a joint venture company
-Chemcel Pvt Ltd.-
that will build and operate a processing facility
near Colombo, Sri Lanka, to manufacture
bio-based superabsorbent polymers
used in food packaging, personel care products and
various industrial applications.
ADM will be the majority owner of the joint venture and
will market bio-based superabsorbent polymer under
ADM's brand.
The bio-based superabsorbent polymers will be derived from
starches obtained from agricultural feedstocks.
Superabsorbent polymers or SAPs are traditionally produced
from petroleum derivatives.
ADM
Chris Cuddy, President, ADM Sweeteners and Starches
- The market is eager for renewable, high-performance alternatives
to petroleum-based superabsorbents.
- The participation in this joint venture have considerable experience
developping, manufacturing and marketing renewable chemicals
from agricultural sources, so we are optimistic about
the value our collaboration will create for our customers.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
