Germany: Next-Generation Solutions Evonik to Introduce New Plasticizer Products
Evonik has plans to expand its plasticizer portfolio by adding new plasticizer products—oxo alcohol INA and INA-based plasticizers Vestinol 9 and Elatur CH respectively—next year. The new products will be produced at the company’s largest site in Marl, Germany. The move is in line with the company’s strategy of expanding its business with innovative plasticizers of the new generation.
Marl/Germany – Evonik plans to launch new plasticizer products based on the raw material INA (Isononanol) next year. This will strengthen the Group's global business in plasticizers, which are used in particular for flexible PVC products such as cables, flooring and roofing membranes. The new products are to be manufactured at the Group's largest site in Marl, Germany.
"We are confident of the future viability of our oxo alcohol INA and our INA-based plasticizers Vestinol 9 and Elatur CH. With the new products, we are addressing the specific needs of our customers and complementing our portfolio on a step-by-step basis," says Paul Harmsen, Vice President Strategic Marketing at Evonik Performance Intermediates. The portfolio expansion contributes to the consistent strategy of expanding its business with innovative plasticizers of the new generation.
To determine how existing production capacities at the Marl site can best be expanded, Evonik recently commissioned preliminary planning. As soon as this planning has been completed, the basic engineering phase will begin. This will involve the definition of the basic requirements for the facilities and further elaboration of details on production volumes. The necessary construction work can then begin.
The market for innovative plasticizers is growing rapidly. Evonik is driving this development with its expansion. "As an innovative player in the plasticizers industry, we are embracing trends in this industry. In addition to a balanced product portfolio, supply security is particularly relevant for our customers. Our response to this is to take measures to further secure the availability of plasticizers and the raw materials used to produce them," says Roland Pietz, Head of the Oxo Alcohols and Plasticizers market segment at Performance Intermediates.