Functional Chemicals key developments 2014

  • Revenue growth was driven by strong market positions and use of existing assets, despite challenging market circumstances, mainly in Europe. Trading conditions in Asia and the Americas were more positive
  • Significant financial improvements were delivered through dedicated efforts to improve both fixed and variable cost positions. Increased production levels at our Ningbo multi-site in China supported production for the Ethylene Amines, Organic Peroxides, Performance Additives and Chelates and Micronutrients businesses
  • We modernized and are expanding our Organic Peroxides facility in Mons, Belgium
  • We successfully commercialized our StimWell product range for oilfield and gas industries
  • In Mexico, investment in our Los Reyes site is helping PVC producers to improve safety and product quality through patented continuous initiator dosing (CiD) technology
  • In line with the strategic focus on five main chemical platforms, we restructured Functional Chemicals into an Ethylene and Sulfur Derivatives business (China), and a Polymer Chemistry business (US), effective January 1, 2015

Chemical platform

Polymer chemistry and Ethylene oxide network

Some of our customers

  • Air Products (EA)
  • Fenzi (SD)
  • FMC Corporation (performance additives)
  • Formosa (OP/OMS)
  • Henkel (SD, PA, EA, chelates)
  • Proctor and Gamble
  • (P&G) (salt)
  • Sabic (OP)
  • Yara (chelates)

Top raw materials

  • Ethylene
  • Acid chlorides, Chloroformates
  • Polymer emulsions
  • Ammonia, HCN
  • Sulfur

Key cost drivers

  • Ethylene
  • Energy
  • Sulfur
  • Salt