Raising the Price
January 20, 2011
BY Erin Krueger
Columbus, Ohio-based Momentive Specialty Chemicals Inc. is increasing the price of several powder polyesters, including Albecor-Bio, in the European, Middle Eastern and African markets. Effective since Dec. 22—or as soon as established contracts allow—the price for these materials will rise from 0.08 euros per kilogram to 0.10 euros per kilogram (approximately 18 to 29 cents per pound). The price adjustments are attributed to the continued increased cost of key raw materials.
Albecor-Bio is a family of soy-based, low temperature, cure powder coatings. The products, which were announced in mid-2009, are suitable for use on a wide variety of materials, including metals and heat sensitive substrates. Through the bioderivate used to produce Albecor-Bio, the system’s novel polyester enables high reactivity and physical properties such as flow and outdoor durability.
The material was originally developed by Hexion Specialty Chemicals Inc., which has since merged with Momentive. The United Soybean Board played a role in supporting the launch of 32 new soy-based products last year, including Albecor-Bio. “So many soy-based products replace petroleum-based chemicals,” says Bob Haselwood, chairman of the USB New Uses program. “Soybeans represent a renewable resource. We grow soybeans every year, so they are a renewable feedstock.”
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—Erin Voegele
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