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Formaldehyde remains one of the most important chemicals manufactured in the world today. The major application of formaldehyde is for manufacture of resins which are commonly used in the manufacture of board products such as MDF, particleboard and plywood. In excess of 800 formaldehyde plants are currently operational worldwide, 600 of these in China alone. The formaldehyde industry is facing many challenges at present, which include: Record high prices for methanol Increased cost for utilities Greater competition Smaller operating margins Environmental sustainability Potential reclassification of formaldehyde as a known cancer causing agent NanoChem recognise these factors and the effect upon formaldehyde producers. Hence, NanoChem is focussed on providing tailored solutions to the formaldehyde industry using a combined approach of optimized catalyst and comprehensive technical service. Ultimately, our goal is to decrease your operational costs and make you more profitable. |
Overview of the Formaldehyde Industry |