Top Industry Leaders in the Non-phthalate Plasticizer Market
Non-Phthalate Plasticizer Market
October 2023- BASF recently signed a technology license agreement with Sinopec Ningbo Zhenhai Refining & Chemical Company, a joint venture between Sinopec Zhenhai Refining & Chemical Company and Ningbo City's authorities, to utilize BASF's proprietary carbonylation technology to produce isooctanol (INA), according to a post on BASF's WeChat account. The production of INA is a complex process that necessitates maintaining product quality while reducing raw material and energy consumption. With its profound expertise in INA production processes, catalysts, and equipment, BASF offers comprehensive technology licenses, including customized raw material purification, dimerization reactions, hydrogenation of formic acid, and aldehyde hydrogenation, all while ensuring the high quality of INA. BASF developed its INA production technology at its integrated production site in Ludwigshafen, Germany. In 2015, BASF MPCC Company Limited, a joint venture between BASF and China Petroleum & Chemical Corporation ("SINOPEC"), used this technology to establish China's first INA facility. As a leading supplier of INA technology, BASF boasts a technology license encompassing proprietary equipment, catalysts, and adsorbents to enhance the licensee's reliability. According to the agreement, this world-class INA production unit, equipped with BASF technology, will be located at NZRCC's integrated base in Ningbo city and is expected to commence operations in 2026, with an annual production capacity of 200,000 tonnes.
Major players in the Non-phthalate Plasticizer Market, including Eastman Chemical Company, Evonik Industries AG, Evonik Industries AG, DIC CORPORATION, NAN YA PLASTICS CORPORATION, and Grupa Azoty and others, are attempting to increase market demand by investing in research and development operations.