5 June, 2017
AkzoNobel to expand micronutrients capacity in Europe
AkzoNobel is to invest more than €10 million in
Sweden to expand capacity for its chelated
micronutrients, which are used as essential
ingredients in the agricultural market.
project, at Kvarntorp, will help meet growing
demand for micronutrients, particularly in regions
with poor soil conditions. Due to be completed
next year, the expansion will primarily add
capacity for high performance iron chelates, in
which AkzoNobel is market leader.
"High performance chelate demand is growing fast,
and this expansion will ensure that we can meet
our customers' requirements going forward,"
explained Wout Neleman, Director of Micronutrients
at AkzoNobel. "Analysts estimate a global
micronutrient demand growth of over 5% per year,
partly driven by population growth and the
increasing global issue of water scarcity in many
performance chelates deliver essential metals to
plants, helping to increase agricultural
productivity. This is increasingly important as
rising world population reduces the amount of
arable land for food production, necessitating the
cultivation of poor soils. Application by
fertigation - where plant nutrients are supplied
in a liquid solution - is key in this segment.
"This is an
important strategic investment to support our
customers and strengthen our leadership position
in this market," added Thierry Vanlancker,
AkzoNobel's Executive Committee member responsible
for Specialty Chemicals. "It also underlines our
commitment to sustainability and our Human Cities
initiative by helping to increase agricultural
yields in regions with poor soil conditions while
also supporting the growing trend towards
hydroponic agriculture and urban farming."
has partnerships with global fertilizer companies
Yara and SQM for worldwide distribution of its
chelated micronutrients, which are also produced
in Herkenbosch, the Netherlands, and in Lima,
Ohio, the US.