Germany-based chemical distributor, Helm AG has signed an off-take agreement for the purchase and sale of bio-based ethyl acetate produced at Greenyug’s planned ethyl acetate facility in Columbus, Nebraska, which will be owned and operated by Greenyug’s subsidiary, Prairie Catalytic LLC. The production facility is going to be located next to Archer Daniels Midland’s (ADM) corn processing plant in Columbus, Nebraska, which will supply the project with bioethanol feedstock and other services.
Construction of the 50 ktpa facility is anticipated to start this year with production set to begin a year later. HELM will take over exclusive responsibility for the worldwide sales and marketing of Ethyl Acetate from the Prairie Catalytic facility.
As usual, I will do my analysis on both petro-based and ethanol-based ethyl acetate market, who are the current players, technology and pricing comparison, as well as evaluation of market applications, on this month’s Tecnon OrbiChem Biomaterials newsletter.