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    CLN   CH0012142631

CLARIANT AG

(CLN)
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Real-time Estimate Quote. Real-time Estimate Cboe Europe - 12/08 06:00:09 am
19.125 CHF   +0.45%
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Clariant : completes construction of first commercial sunliquid®…

10/15/2021 | 01:12am EST

  • First full-scale commercial sunliquid® plant for the production of cellulosic ethanol from agricultural residues
  • The flagship plant will process approx. 250,000 tons of straw to produce approx. 50,000 tons of cellulosic ethanol per annum.
  • Cellulosic ethanol plays a key role in lowering greenhouse gas emissions in the transportation sector, as stipulated in the European Commission's REDII.
  • Production site represents a significant contribution to the region's local employment and economic growth potential.

Muttenz, October 15, 2021 - Clariant, a focused, sustainable and innovative specialty chemical company, today announced the official completion of its sunliquid® cellulosic ethanol plant in Podari, Romania. The completed construction is an important next step for the commercial deployment of sunliquid® technology and thus supports Clariant's sunliquid® licensing business strategy. The facility will be operational in the fourth quarter, producing cellulosic ethanol from agricultural residues.

Conrad Keijzer, Chief Executive Officer at Clariant, commented, "Biofuels and biochemicals produced from agricultural residues play a key role in reducing our carbon footprint. This investment and the successful commercialization of this new technology represents a major milestone for Clariant and is a further proof point for our ambitious growth strategy, led by innovations that contribute to a more sustainable world."

This investment also brings substantial economic benefits to the region. By locally sourcing feedstock, greenhouse gas emission reduction can be maximized. Also, additional business opportunities will arise along the regional value chain. Co-products produced by the process will be used for the generation of renewable energy, making the plant independent of fossil energy sources. Therefore, the resulting cellulosic ethanol is an almost carbon neutral second generation biofuel. Besides application as a drop-in solution for fuel blending, this offers further downstream application opportunities into bio-based chemicals and for sustainable aviation fuel.

"It is encouraging to see how far we have come since the start of the development of our sunliquid® technology in 2006. The technology was successfully implemented in our pre-commercial plant in 2012 and five sunliquid® technology licenses have been sold in both Europe and China since then. This milestone in Romania underlines our commitment to building a more sustainable future", added Christian Librera, Clariant's Head of Business Line Biofuels and Derivatives.

The plant in Podari, Dolj county, is built on a 10-hectare area on which construction was initiated in 2019 with up to 800 workers onsite. Contracts with more than 300 local farmers have been signed to ensure the supply of the necessary feedstock.

Learn more about our sunliquid® technology here.

Disclaimer

Clariant AG published this content on 15 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 October 2021 05:11:07 UTC.


© Publicnow 2021
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Financials
Sales 2021 4 232 M 4 580 M 4 580 M
Net income 2021 281 M 304 M 304 M
Net Debt 2021 1 143 M 1 237 M 1 237 M
P/E ratio 2021 21,8x
Yield 2021 2,73%
Capitalization 6 275 M 6 772 M 6 790 M
EV / Sales 2021 1,75x
EV / Sales 2022 1,53x
Nbr of Employees 13 057
Free-Float 63,6%
Chart CLARIANT AG
Duration : Period :
Clariant AG Technical Analysis Chart | CLN | CH0012142631 | MarketScreener
Technical analysis trends CLARIANT AG
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Last Close Price 19,04 CHF
Average target price 20,44 CHF
Spread / Average Target 7,36%
EPS Revisions
Managers and Directors
Conrad Keijzer Chief Executive Officer
Stephan Lynen Chief Financial Officer & Executive Vice President
Günter von Au Chairman
Hans Bohnen Chief Operating Officer & Executive Vice President
Eveline Saupper Lead Independent Director
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