AKRON, OHIO (Nov. 21, 2:10 p.m. ET) — Bayer AG's opening of a polyurethane feedstock plant in Shanghai is featured in this week's Material Insights video.
The new plant makes toluene diisocyanate and Bayer said it is the first ever to use gas-phase phosgenation technology, which can reduce solvent consumption and cut energy use. At a news conference, Bayer Chairman Marijin Dekkers said the firm hopes to increase its overall sales in Asia to almost $15 billion by 2015 — a 60 percent increase from current levels.
This week's video also covers BioAmber's plans for a Wall Street IPO. Minneapolis-based BioAmber makes bio-based succinic acid, which can be used as a plasticizer feedstock. The firm hopes to raise as much as $150 million via the IPO.
Also, A. Schulman Inc.'s decision to exit its Sunprene thermoplastic elastomer joint venture with Mitsubishi Chemical is covered. Sunprene operates a TPE plant in Bellevue, Ohio.
The video wraps up with news that the U.S. Patent & Trademark Office has awarded a patent to Polyflow LLC for its pyrolysis technology, which allows for mixed plastic and rubber scrap to be converted into fuels and chemical intermediates. Polyflow is based in Akron, Ohio.