ADM, CIC, Chemanex Joint Venture Forming Chemcel Pvt Ltd To Produce Superabsorbent Polymers In Srilanka

ADM, CIC, Chemanex form bio-based SAP JV in Sri Lanka

10:11 AM, 28th August 2013
ADM Joint Venture Business with  CIC,  Chemanex

COLOMBO, SRI LANKA: Archer Daniels Midland Company (ADM), CIC Holdings Plc and Chemanex Plc have formed a joint venture - Chemcel Pvt Ltd - that will build and operate a processing facility near Colombo, Sri Lanka, to manufacture bio-based superabsorbent polymers (SAP). ADM will be the majority owner of the venture and will market the plant’s production of ADM’s BioSAP -brand superabsorbents. The BioSAP produced at the plant will be derived from starches obtained from agricultural feedstocks.

“The marketplace is eager for renewable, high-performance alternatives to petroleum-based superabsorbents. The participants in this joint venture have considerable experience developing, manufacturing and marketing renewable chemicals from agricultural sources, so we’re optimistic about the value our collaboration will create for our customers,” said Chris Cuddy, President, Sweeteners and Starches, ADM.

 

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