Clearly many plastics suppliers are betting that carbon fiber demand will continue to grow. Last week Dow Chemical and Aksa announced they would set up a joint venture to manufacture and market carbon fiber and carbon fiber composites, and this week news comes that plastics and petrochemicals supplier Sabic has acquired a license for carbon fiber technology developed by Montefibre. Other recent annuncements have been made for new CF supply around the globe; see our recent coverage here.
Sabic is Saudi Basic Industries Corp. (Riyadh, Saudi Arabia), among the world's market leaders in the production of polyethylene, polypropylene and other advanced thermoplastics, glycols, methanol and fertilizers. Montefibre S.p.A. (Milan, Italy) is a supplier of man-made fibers and is among the largest global suppliers of acrylic fibers. It has developed its own process for the production of the polyacrylanitrile (PAN) precursor and, ultimately, carbon fibers.
The technology agreement between the two companies gives Sabic license to that carbon fiber technology. The plastics supplier intends first to use the technology for a new carbon fiber plant to be built in Saudi Arabia. End-use markets for the fibers, and compounds and composite plastics filled with them, include alternative energy, transportation and infrastructure....