Perstorp AB is making “a significant investment” to upgrade its original monomer plant in Warrington, UK, to strengthen its Caprolactone business.
The Swedish chemicals company, which markets its products under the brand name Capa, did not disclose the size of the investment but said new equipment would be constructed using “state of the art” materials to increase and secure supply.
The Caprolactone market, said the company, is “strategic and important” to Perstorp and the investment is part of its long-term commitment to the industry.
The project which was initiated and kicked off at the beginning of 2017 with construction scheduled to start start in 2018.
The upgrade consists of installing a new peracetic acid still and new reactors on stream 1, which was originally built in 1998. The project is expected to be complete in the second half of 2019.
“The Capa business is one of our strategic areas and we do see a strong market demand of Capa products. Through this investment we are strengthening our position as a reliable leading partner”, says Marie Grönborg, executive vice president at Perstorp.
The monomer, according to Perstorp’s website, has a wide choice of performance enhancing properties including wear resistance, chemical resistance, UV-resistance, gloss, adhesion and low-temperature flexibility. The material can be used in various applications including in adhesives, bioplastics, coatings, elastomers and resins.