- In November 2024, BioVeritas launched operations to produce sustainable fuels and biochemicals, reinforcing its commitment to eco-friendly solutions. The company utilizes bacterial fermentation to convert biomass into caproic acid and volatile fatty acids, essential components in bio-based alternatives. This initiative underscores the growing emphasis on sustainability within the carboxylates market, offering innovative pathways for renewable chemical production
- In July 2024, KLK expanded its oleochemical processing capacity in China, significantly increasing production to meet the growing regional demand for sustainable oleochemicals. The expansion strengthens KLK’s global market position and enhances its ability to supply high-purity fatty acids and glycerin. The new facility, located in Zhangjiagang, boosts annual processing capacity to 500,000 tonnes, making it one of the most advanced oleochemical plants in China. This move aligns with industry trends toward eco-friendly solutions and reinforces KLK’s commitment to innovation
- In August 2024, Nalco Water and Danieli joined forces to advance industrial water treatment for the metal industry. This partnership merges Nalco’s chemical expertise with Danieli’s technological innovations, enabling metal producers to enhance production efficiency while minimizing environmental impact. A key aspect of this collaboration is the use of carboxylates as scale inhibitors in water treatment chemicals, improving system performance and sustainability
- In September 2022, Eastman Chemical Company acquired Taminco for USD 2.8 billion, reinforcing its presence in the specialty chemicals sector. Taminco, a leading producer of alkylamines and metal carboxylates, enhances Eastman’s portfolio, particularly in high-performance metal carboxylates for industrial and agricultural applications. This strategic move aligns with Eastman’s growth objectives, expanding its capabilities in niche markets such as food, feed, and agriculture
- In April 2022, Perstorp Holding AB announced plans to expand its carboxylic acid production capacity to 70,000 tons annually. The company is constructing a new production plant in Stenungsund, Sweden, which will significantly boost output and strengthen its position in the carboxylates market. This investment aligns with growing demand for non-phthalate plasticizers, engineered fluids, and food preservation solutions. The expansion reinforces Perstorp’s commitment to sustainable and high-performance chemical solutions
