Companies that took advantage of the opportunity to learn, afforded by the supply chain crisis, have profited greatly and are more prepared than ever to tackle similar difficult times in the future.
In light of the supply chain crisis in 2021-2022, the specialty chemicals industry needs to examine the way it does business and make changes to ensure smooth and less vulnerable operations.
The action is due to intensifying force majeure conditions and operational failures experienced by multiple suppliers of raw materials essential to the production of acetic acid and vinyl acetate monomer (VAM) products.
The high-performing resin from a renewable source can be applied by adhesive formulators or designers in furniture, edge banding, electronics, hot melt film, textile lamination, seam tape, footwear, and transportation.
$9.5 million is available for multidisciplinary work to enable the accelerated creation of safe, sustainable, and high-value polymers on a commercial scale.