Top Industry Leaders in the Allyl Chloride Market
Allyl Chloride Market
November 2023- Dow on November 27 announced that its board of directors had declared a Final Investment Decision on the Company's Fort Saskatchewan Path2Zero investment to build the world's first net-zeroi Scope 1 and 2 emissionsii integrated ethylene cracker and derivatives facility in Alberta, Canada. The USD6.5 billion project, excluding governmental incentives and subsidies, includes building a new ethylene cracker and increasing polyethylene capacity by 2 million MTAiii, as well as retrofitting the site's existing cracker to net-zero Scope 1 and 2 emissions. The investment is expected to deliver USD1 billion of EBITDA growth per year at full run rates over the economic cycle while decarbonizing 20% of Dow's global ethylene capacity. This new capacity will enable Dow to capture growing customer demand in high-value markets, such as packaging, infrastructure, and hygiene, among others, with potential additional value captured from commercializing low and zero-emissions products. The project builds on Dow's expertise in successfully implementing large projects, such as its TX-9 cracker in Freeport, Texas. It has delivered more than 15% return on invested capital since its 2017 start-up through best-in-class capital intensity, conversion cost, and low emissions intensity.
November 2023- OSAKA SODA Co., Ltd., at this moment, announced the current status and future outlook regarding the "suspension of some production facilities due to manufacturing equipment problems at Mizushima Plant," as disclosed on April 25, 2023. Current status: Regarding the malfunctions of the main equipment for the Allyl Chloride production facility that occurred on April 4, 2023, as previously announced, problems were once again detected in the main equipment on July 27, and production was partially suspended. The company reported that it has confirmed that production has been restored to 70% of its original level since November 21, 2023, and stable operation has been achieved as a result of every possible effort in restoration activities. Future outlook: Full repair of the main equipment is scheduled to be completed during the regular maintenance in March 2024 as originally planned, and the recurrence of problems will not have an impact on the original schedule. Furthermore, taking into consideration the business environment to date and the future outlook, there will be no changes to the previously announced consolidated financial results for the fiscal year ending March 31, 2024.
key players of the market are-
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Rizho Lanxing Chemical Industry Co.Ltd.
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Sumitomo Chemical Co.Ltd.
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Olin Corporation
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Solvay
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Kashima Chemical Co.Ltd.
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Gelest Inc.
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Osaka Soda
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Alfa Aesar
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DowDuPont