Huafon Group acquires DuPont bio-based PDO+PTT business for US$240 million

On June 1, Huafon Group's acquisition of the bio-based product-related business and technology spun off from DuPont in the United States officially completed the delivery, and the purchase price was about 240 million US dollars
.

It is understood that for the full year 2021, DuPont's biobased products business unit has net sales of approximately US$200 million
.

This time Huafon Group acquired the assets of DuPont's bio-based business, mainly including its two production bases in the United States, one is a DuPont joint venture production base in Tennessee, which owns two world-renowned brands, Susterra® and Zemea® , The main business is the research and development, production and sales of bio-based PDO (1,3-propanediol) that can produce high-performance polyester plastics with biodegradable properties that are easy to circulate naturally .

Another production base is DuPont's Sorona® business core manufacturing plant in North Carolina, USA.
The main product is bio-based specialty polyester (PTT), an environmentally friendly fiber material with performance advantages sold under the Sorona® brand.
This type of technology was first developed and commercialized by DuPont in 2000, and its application areas are mainly in the apparel and carpet industries, but other small-scale application markets also include automotive and packaging
.

According to reports, the bio-based PDO and PTT products acquired this time are in a leading position among the global counterparts in terms of technology and market share
.
PDO is the main raw material for the production of PTT.
PTT can be processed into synthetic fibers and engineering plastics.
PTT is favored by industries such as clothing, carpets, electronics/electrical, automobiles, appliances and furniture due to its excellent characteristics, and its current market share continues to grow.
Improvement, the future market space has broad prospects
.