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This company has developed two new adhesives with a low halogen content.

“The successful completion of the acquisition paves the way for swiftly merging the activities of Evonik and the acquired units of the Air Products Performance Materials business,” said Klaus Engel, chairman of the executive board of Evonik Industries AG.

Hydroxyl-terminated polybutadiene (HTPB) resins occupy a unique space within the landscape of commercially available polyols in the context of polyurethane elastomers. Characterized by low temperature flexibility, hydrophobicity and hydrolytic stability, polyurethane elastomers present solutions to strenuous applications in the adhesives and sealants market.

Several important factors, such as concern for the environment, economic competitiveness and technology, have converged over the past 25 years to cause both industry and government to constantly reassess the cleaning phase of manufacturing processes. In the 1990s, many manufacturers of industrial and commercial products were significantly impacted by the chlorofluorocarbon (CFC) phase-out.

The second generation ACOMP was installed in June, reportedly achieving more than 99% availability since installation.

He was formerly vice president of adhesives and coatings R&D for Avery Dennison Corp.

Cadence Chemical’s management team, led by John Wilson, will remain in place.

The new facility, with an annual capacity of about 13,000 mt, is anticipated to involve capital expenditure of some $150 million.

Leedy will replace Ken Eckroth, who announced his retirement in late November.

The award was presented for their platform technology to produce a bio-based monomer, furan dicarboxylic methyl ester (FDME).