Evonik plans to launch a further plasticizer
Evonik has signed a memorandum of understanding with the Czech chemical company DEZA for the production of the plasticizer tri-isononyl trimellitate (TINTM).
- Memorandum of understanding for the production of the plasticizer TINTM signed with the chemical company DEZA
- New product to be launched early next year
- Portfolio expansion in line with strategy to expand business with latest generation INA-based plasticizers
Marl (Germany). Evonik has signed a memorandum of understanding with the Czech chemical company DEZA for the production of the plasticizer tri-isononyl trimellitate (TINTM). Both companies intend to manufacture the plasticizer as part of a tolling arrangement.
The new plasticizer is to be launched on the market at the beginning of next year. TINTM is to be marketed under the brand name ELATUR® TM and will be characterized by particularly high temperature resistance, low volatility and low migration behavior. This makes the product particularly suitable for high-temperature cables and for automotive interiors.
The product launch strengthens Evonik's global business in plasticizers, which are used in particular for PVC products. "The market for plasticizers is growing steadily. With our consistent focus on INA-based plasticizers and the introduction of another high-quality product, we are meeting our customers' requirements in the best possible way," says Roland Pietz, Head of Market Segment Oxo Alcohols and Plasticizers at Evonik Performance Intermediates. "We have confidence in the future viability of our products and will gradually expand our portfolio and adjust our capacities accordingly."
Evonik already launched the innovative latest-generation plasticizer ELATUR® DINCD at the beginning of this year. The product portfolio also includes the products VESTINOL® 9, ELATUR® CH (DINCH) and ELATUR® DPT.
Evonik is one of the world leaders in specialty chemicals. The company is active in more than 100 countries around the world and generated sales of €15 billion and an operating profit (adjusted EBITDA) of €2.38 billion in 2021. Evonik goes far beyond chemistry to create innovative, profitable and sustainable solutions for customers. About 33,000 employees work together for a common purpose: We want to improve life today and tomorrow.
About Performance Materials
The forever young classics of the Performance Materials Division stand for products and technologies that are continuously improved. They are the basis for many modern applications, for example in the areas of mobility, nutrition, pharmaceuticals or plastics. The divisions portfolio generated sales of €2.91 billion in 2021 with about 1,600 employees.
In so far as forecasts or expectations are expressed in this press release or where our statements concern the future, these forecasts, expectations or statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Neither Evonik Industries AG nor its group companies assume an obligation to update the forecasts, expectations or statements contained in this release.