Neopentyl Polyol Ester

Celanese and Hatco Sign Agreement for European Joint Venture for Neo Polyol Esters

Celanese Chemicals Europe GmbH, Frankfurt, and Hatco Corporation, Fords, New Jersey, have signed an agreement to establish a joint venture for the production and sale of neo polyol esters (NPEs). Pending regulatory approval, the partners will establish commercial activities and construct a production plant in Oberhausen, Germany. NPEs are used as base stocks for synthetic lubricants in refrigeration, automotive, aviation and industrial applications, as well as in hydraulic fluids.

Celanese will provide the joint venture with its most important raw materials, carboxylic acids and polyols. Most of the plant’s output is expected to be supplied to customers in Western Europe, Africa and the Middle East. Initially, the plant will have a production capacity of around 7,000 metric tons per year, and will be designed for expansion to meet market growth.

For more than 50 years, Hatco Corporation has been the technology leader in the specialty ester business. Its polyol esters are used worldwide in aviation turbine oils for military and commercial jet aircraft. In addition, Hatco is the prime producer of technologically advanced polyol esters used in the new non-CFC refrigeration systems.

Hatco Corporation which is headquartered in Fords, New Jersey, was represented in the transaction by Alan E. Davis, chair, and Richard A. Weller, of counsel, of the Corporate Department of Greenbaum, Rowe, Smith, Ravin, Davis & Himmel LLP, Woodbridge, New Jersey, and Karl-Ludwig Koenen, Baker & McKenzie, Frankfurt, Germany. Celanese was represented by Wolfdietrich Geidel, Celanese AG, Frankfurt, Germany.

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Celanese, Hatco set up European neo polyol esters jv

06 March 2002 15:21  [Source: ICIS news]

LONDON (CNI)--German groups Celaneseand US synthetic lubricants supplier Hatco Corp said Wednesday they are to set up a joint venture for the production and sale of neo polyol esters (NPEs).

The partners will build a production plant at Celanese's site in Oberhausen, Germany which is expected to be completed in autumn (Q3/4) 2003. The plant will have an initial capacity of 7000 tonne/year and will be designed for expansion to meet market growth. Investment details were not disclosed.

Celanese will hold a 51% stake in the joint venture and Hatco will hold the remaining 49%, Avron Magram, senior vice president at Hatco, told CNI.

He said Celanese will provide the plant with the key raw materials - carboxylic acids and polyols - and will be responsible for production, while Hatco will provide the technology and be responsible for marketing. The joint venture will have its own sales force.

The plant will mainly supply NPEs to customers in western Europe, Africa and the Middle East. NPEs are used as base stocks for synthetic lubricants in refrigeration, automotive, aviation and industrial applications, as well as in hydraulic fluids.

Headquartered in Fords, New Jersey, Hatco is a technology leader in the specialty ester business. Its polyol esters are used worldwide in aviation turbine oils for military and commercial jet aircraft.