South Korean petrochemical company DL Chemical said its subsidiary D-Rex Polymer on April 1 began production of an eco-friendly adhesive at its plant in Yeosu, South Jeolla Province, under a plan to develop DL Chemical into a specialty company of high added value, said Kedglobal.
As a joint venture between DL Chemical and the American petrochemical company Rextack, D-Rex Polymer late last year completed the factory with annual capacity of 40,000 tons. After a trial operation of about three months, the facility since April 1 has produced the adhesive amorphous poly alpha olefin (APAO).
The completion ceremony held that day was attended by DL Chemical Vice Chairman and CEO Kim Jong-hyun, D-Rex Polymer CEO Kim Man-jung and Yeosu Deputy Mayor Kim Jong-shi. APAO is applied to bond types of plastics.
"D-Rex's APAO is non-volatile and has almost no odor," a DL Chemical source said. "We expect its use as a raw material for products coming in contact with skin like diapers and sanitary napkins."
We remind, Kraton Corporation, an American manufacturer of polymers and bio-based products based on pine wood pulping co-products, has decided to merge with DL Chemical Co Ltd, a South Korean arm of DL Holdings Co Ltd (formerly Daelim Industrial Co Ltd). DL Chemical will pay USD46.50/share of Kraton common stock in cash. The purchase value is a 50% premium to the firm's unaffected trading value as of early Jul 2021.
mrchub.com