- In January 2024, Evonik Industries expanded its sustainable chemicals portfolio with the launch of a high-performance non-phthalate plasticizer designed for sensitive applications such as medical tubing and food wraps. This innovation aligns with Evonik’s commitment to environmentally friendly solutions, offering enhanced safety and performance while reducing reliance on traditional phthalates. The new plasticizer ensures low migration and durability, making it ideal for industries requiring stringent material standards
- In January 2024, Perstorp introduced Pevalen Pro 100, a revolutionary non-phthalate plasticizer made from 100% renewable carbon using mass balance principles. This innovation significantly improves the sustainability of flexible PVC applications, reducing the product’s carbon footprint by approximately 80% compared to fossil-based alternatives. Designed to uphold high performance while enhancing environmental impact, Pevalen Pro 100 redefines PVC plasticizing technology. Its development reflects Perstorp’s dedication to sustainable solutions, ensuring durability and efficiency without compromising safety or quality
- In December 2023, South Korea’s Aekyung Chemical acquired a 50% stake in VPCHEM, LG Chem’s Vietnam-based subsidiary specializing in plasticizer production and sales. This strategic move aims to strengthen Aekyung Chemical’s presence in the plasticizers market, including non-phthalate alternatives. With this acquisition, Aekyung Chemical expands its production capacity, positioning itself to meet growing global demand for environmentally friendly plasticizers. The deal enhances its ability to supply sustainable solutions to North American and European markets while maintaining a strong foothold in Asia
- In December 2022, Hanwha Solutions introduced Eco-DEHCH, a phthalate-free plasticizer designed for exceptional heat and cold resistance, making it ideal for outdoor applications. This innovation aligns with Hanwha Solutions’ commitment to sustainable materials, offering an eco-friendly alternative to traditional plasticizers. By expanding its product range, the company aims to meet growing global demand for safer, high-performance plasticizers. Eco-DEHCH is recognized for its durability and environmental benefits, reinforcing Hanwha’s position in the market
- In April 2021, Eastman Chemical Company acquired 3F Feed & Food, a European leader in additives for animal feed and human food. This strategic acquisition strengthens Eastman’s animal nutrition business, integrating 3F’s expertise into its Additives & Functional Products segment. The move enhances Eastman’s ability to develop next-generation solutions, supporting global sustainability trends and improving farm productivity. With 3F’s organic acid derivatives and phytogenics, Eastman expands its portfolio to meet growing demand for safer, high-performance additives
