Advanced engineering is underway and long delivery item procurement has started. The project is scheduled for completion in late 2020, subject to final board approval.
“This investment is an important step to meet the fast-growing demand for this product,” said Sylvia Winkel Pettersson, director Expancel at Nouryon.
Expancel microspheres are used as a lightweight filler and a blowing agent to make end products lighter, obtain different surface effects, and reduce costs by requiring less raw material.
The planned US investment follows a recently completed capacity increase at Sundsvall, Sweden, scheduled to be fully online in the second quarter.
“These projects reflect Nouryon’s commitment to being a trusted partner for our customers, who rely on us to support the growth of their business,” said Niek Stapel, managing director Pulp and Performance Chemicals. “We will take our growth ambitions to the next level by making strategic investments with attractive returns tailored to the needs of our customers.”