Akzo Nobel Signs Co-operation Agreement With Ineos Nitriles
April 20 2018 - 5:12AM
Dow Jones News
By Maryam Cockar
Akzo Nobel NV (AKZA.AE) said Friday that it will expand its
production of biodegradable chelates, which are used in the
production of detergents, using one of Ineos Nitriles Ltd.'s
chemical products.
The Dutch paints-and-coatings company said its specialty
chemicals unit has signed a long-term co-operation agreement with
Ineos Nitriles, a producer of acrylonitrile, which is used in the
automotive, home-appliance, carbon-fiber and water-purification
industries.
Ineos Nitriles is part of Ineos Group Holdings SA.
With this partnership, Akzo Nobel said its specialty chemicals
unit will be able to expand its chelates production in Europe and
that it will invest in Ineos's production facilities in Cologne,
Germany.
Construction of the new facilities is expected to start later
this year, with completion due in 2020.
Demand for high-quality chelates has been increasing in the last
couple of years, particularly following the European ban on
phosphates in consumer automatic dishwasher detergents, Akzo Nobel
said.
Write to Maryam Cockar at maryam.cockar@dowjones.com
(END) Dow Jones Newswires
April 20, 2018 04:57 ET (08:57 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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