France-based Arkema has agreed to sell its superabsorbent polymers (SAP) business to Japan’s Sumitomo Seika, subject to the consultation procedure of the Central Works Council.
Under the contract, Arkema will toll-manufacture the polymers on its Carling, France industrial site, which has a 15,000 tonnes per year capacity and generates annual sales of €20m.
The proposed agreement also includes a long-term contract for the supply of acrylic acid produced on the Carling site.
The acquisition is scheduled to become effective on 1 April 2008.
Invinity to build 20MWh flow battery in UK
A surprising comment for someone who (I think you´ve said in the past) worked in the industry. National Grid have a variety of reserve service schemes...