High Performance Polymers Solvay Expands Production Capacity for High Performance Polymers in India
Belgian specialty chemicals firm Solvay plans to expand its plant in Panoli, Gujarat state in India. Additional 25 % production capacities for polymer resins shall help to cater a strong demand regional demand for high performance polymers, the company states.
Gujarat/India – Capacity expansion of the polyaryletherketone resin, used as a base to make polyetheretherketone (PEEK) and polyaryletherketone (PAEK), is already underway to reach more than 1,000 tons per year in the third quarter of 2015. Polymers like Solvay's Ketaspire and Avaspire are used in markets growing at least 8-10% annually. In transportation, these ultra-polymers replace metals and help make cars and airplanes lighter thereby reducing fuel consumption and CO2 emissions. Other key markets include healthcare, electronics and energy.
"Demand for Ketaspire and Avaspire resins has been growing significantly thanks to Solvay's ability to deliver innovative and tailored solutions in close relations with its customers," said Augusto Di Donfrancesco, President of Solvay Specialty Polymers. "Today's announcement to debottleneck capacity shows we are determined to keep pace with this growing demand worldwide and with our customers' creativity in leveraging the features of our innovative materials."
Ever since commissioning its polyaryletherketone resin operations in 2008, Solvay Specialty Polymers has progressively built up resin capacity at Panoli. Solvay's major R&I center in Savli, also located in Gujarat and about 100 km from Panoli, made important contributions to innovations that are supporting the site's expansion.