Media

Solvay acquires Fluorspar mine in Bulgaria

5:22 PM, 9th June 2011
Solvay acquires Fluorspar mine in Bulgaria
Solvay corporate headquarters in Belgium.

Mine in Europe complements Fluorspar sourcing for future developments.

 

BRUSSELS, BELGIUM: Solvay has acquired a fluorspar mine in Chiprovtsi, Bulgaria from the N&N Group. This strategic acquisition reinforces the vertical integration of Solvay’s high added-value fluorinated specialty polymers and fluorinated special chemicals production at a competitive cost.

 

The mine has currently 107 employees working in the mining and production activities near Chiprovtsi, not far from the Serbian border. The intention is to increase the production to at least 50,000 tons per year of acid grade fluorspar by the end of 2011. Fluorspar is the key raw material for hydrofluoric acid and used downstream to produce fluorinated chemicals and polymers. This acquisition will add supplementary reserves to those already provided by the fluorspar mine in Okorusu (Namibia).

 

“Solvay extends and secures the sourcing possibilities for future developments of fluorinated chemicals and polymers with this strategic investment. Solvay adds a new own raw material basis for future business expansion in downstream fluorine specialty markets where we see a continuing strong growth, especially in Asia,” said Bernd Wilkes, Senior Executive VP, Strategic Business Unit Fluor, Solvay.

(C) WOC News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Organic waste from racing weekend to turn into valuable compost

LUDWIGSHAFEN, GERMANY: BASF’s biodegradable plastic ecovio FS Paper takes centre stage in a pilot project involving disposable and biodegradable ...

Read more
BASF, CRC Polymers to develop soil moisture management technologies

LUDWIGSHAFEN, GERMANY/MELBOURNE, AUSTRALIA: BASF and the Cooperative Research Centre for Polymers (CRC-P) will develop a new range of advanced polymer ...

Read more
Neste Oil, Stora Enso drop the plan to build biodiesel plant

ESPOO, FINLAND: Neste Oil and Stora Enso have decided not to progress with their plans to build a biodiesel plant, for which the two companies had app ...

Read more
POET, Agrivida collaborate to lower cellulosic ethanol production cost

SIOUX FALLS/MEDFORD, US: POET Research Inc, a wholly-owned subsidiary of POET LLC and Agrivida Inc, a developer of biotechnology platforms for feedsto ...

Read more
KBR bags general works contract in British Columbia

HOUSTON, US: KBR is awarded a general works contract for phase two construction at a raw gas processing and compression facility near Dawson Creek, Br ...

Read more
Genuine Bio-Fuel to open biodiesel refinery in Lincoln Park, New Jersey

FLORIDA, US: Genuine Bio-Fuel Inc expands its operations to Lincoln Park, New Jersey with the build out of a ‘state-of-the-art’ biodiesel ...

Read more
Copyright © 2014. Kimberlite Softwares Pvt. Ltd., India. All rights reserved.
World of Chemicals.