Honeywell, a provider of high-performance specialty materials, has purchased the manufacturing technology including patents from Evonik Industries for the manufacture of polyethylene waxes. These manufactured polyethylene waxes can be used in various applications ranging from coatings and paints to inks and adhesives.
Evonik industries’ technology includes Ziegler-Natta catalysts, which have been employed in the manufacture of polymers e.g. polyethylene from the year 1956. Currently, this technology is used for manufacturing the majority of chemicals and plastics across the world.
Evonik Industries’ manufacturing technology will substitute Honeywell’s existing technology used for producing wax additives and will enhance the performance of various products arcoss the world. The Honeywell waxes will enhance the durability of paints and coatings; the adherence of the cardboard box adhesives and labels; helps the fast extrusion of PVC by the pipe producers and decreases energy consumption.
Lincoln Germain, Honeywell's Specialty Additives business Director, stated that the purchase of Evonik Industries’ technology will expand the company’s ability to manufacture new additives, which resolves various challenges faced by the customers in plastics, adhesives, paints and inks industries. Germain said that the Ziegler-Natta catalysts will supplement the company’s preexisting polymer production technologies.
With this technology purchase, Honeywell offers the world’s best technology solutions for producing synthetic waxes and continues to provide the best service to its customers across the world. The recognized portfolios of Honeywell comprise Honeywell A-C, Honeywell ACumist, Honeywell Rheochem, and Honeywell AClyn.
Source: http://honeywell.com