Atochem, ICI may swap some businesses - C&EN Global Enterprise

The transfers would involve equipment, know-how, and marketing outlets, but not cash. If the plan materializes, it will strengthen considerably ICTs p...
1 downloads 0 Views 218KB Size
New engineering polyester resin offered An injection-molded, liquid-crystal, polyester engineering resin with su­ perior properties has been intro­ duced by Dartco Manufacturing, Augusta, Ga., a subsidiary of Dart & Craft. The resin, called Xydar, surpasses most other engineering plastics in strength, toughness, melt flow, retention of properties at high t e m p e r a t u r e s , and resistance to chemicals, solvents, and fire. The company has aimed the plas­ tic at demanding applications in telecommunications, defense, elec­ tronics, aerospace, and automobiles. One disadvantage of the resin is its high price—$28 to $30 per lb for each of two unfilled grades and one 50% talc-filled grade. The firm ex­ pects the price to come down as volume develops. A second disadvantage is the very high processing temperature. The 793 °F melt temperature means that molders will have to fit h i g h -

temperature ceramic heaters to their barrels and heat molds to 465 to 535 °F to run the resin. But the high melt flow makes it possible to mold parts with walls thinner than 4 mm, such as might be needed for multipin connectors and three-dimensional circuit boards. And the resin attains its full strength in the mold while still hot. No postcure is needed to develop its prop­ erties. Scrap pieces of Xydar can be pulverized and reused entirely. Dartco has installed a 20 million lb-per-year plant to produce the ma­ terial at Augusta. The firm has been making test-marketing amounts in a 2 million lb-per-year plant at Neshanic Station, N.J. Xydar is a polyester of terephthalic acid, /?-hydroxybenzoic acid, and ρ,ρ'-biphenol. The melt is a nematic liquid crystal. This ordering persists in molded parts as densely packed, fibrous structure. D

Allied Corp. acquisition rumors are quashed In a flurry of sometimes contradic­ tory statements last week, Allied Corp. and United Technologies de­ nied rumors that United Technol­ ogies might be moving to acquire Allied. The rumors arose with the revelation that United Technologies had hired two investment banking firms to study a possible purchase. United Technologies says it de­ cided not to acquire Allied after the two studies, performed by Lazard Frères and Goldman, Sachs, both concluded that a merger would be adverse to the interest of United Technologies shareholders. The studies were commissioned, United Technologies says, because it had been approached repeatedly over the past year by Allied chairman Edward L. Hennessy Jr. and his representatives with the aim of having United Technologies acquire Allied. United Technologies says it took action only after Allied's approaches intensified in September. "Allied is not for sale," Hennessy told employees last week after disclosure of the merger studies. Later, Allied refused to reply to United Technologies' statement it was Hen-

nessy himself who had proposed the sale. "No useful purpose would be served by airing charges and countercharges in the press," an Allied spokeswoman says. "Our chairman stands by his statement to employees that Allied is not for sale."

Hennessy: Allied is not for sale

Speculation on Wall Street after the exchange of statements was that, if Hennessy did approach United Technologies, it may have been with the idea of using a merger as a route to the top position at United Technologies. Hennessy was executive vice president of that company until 1979, when he moved to Allied after differences with Harry J. Gray, United Technologies' chairman. D

Atochem, ICI may swap some businesses France's Atochem and Imperial Chemical Industries of the U.K. have started negotiations that could lead to an exchange of portions of their chemicals businesses. A decision is expected early next year. The negotiations center on ethylene oxide derivatives, low-density polyethylene, and ethylene-vinyl acetate copolymer. Atochem, a subsidiary of Elf Aquitaine, France's state-owned oil and chemicals concern, would hand over to ICI its ethylene oxide derivatives units at Chocques, near Arras. In return, it w o u l d acquire ICFs LDPE a n d ethylene-vinyl acetate copolymer businesses, now operating out of Rozenburg, the Netherlands. The transfers would involve equipment, know-how, and marketing outlets, but not cash. If the plan materializes, it will strengthen considerably ICTs position in the ethylene oxide derivatives field. The company already has capacity for making 440 million lb a n n u a l l y of ethoxylates, glycol ethers, and the like, in addition to 187 million lb of ethylene glycol, at Wilton, England. This would be bolstered by the 132 million lb production facility at Chocques. Earlier this year, Atochem closed down its 154 million lb-a-year ethylene oxide plant. ICTs capacity at Wilton is 528 million lb. As a whole, West European producers of the oxide and glycol have been losing money heavily (C&EN, Nov. 5, page 16). There is considerable overcapacity. And the situation will be worsened by arrival on the market of glycol from Saudi Arabia. November 12, 1984 C&EN

5

News of the Week The Atochem/ICI agreement would remove some of the competitive pressure. Too, derivatives made at Chocques would extend ICTs prod­ uct range, and fit in with its strate­ gy of moving further into morespecialized, higher-priced items. European overcapacity also exists for LDPE. The expected phaseout of ICTs 154 million lb facility at Rozenburg would be a step toward relieving the problem. Atochem's annual capacity for the polymer in France is some 781 mil­ lion lb. About 15 % of this is used for making ethylene-vinyl acetate copolymer. It plans to raise capacity for the copolymer 10 % or so following closure of the Rozenburg unit. The negotiations do not include ICI's remaining LDPE plant at Fos, near Marseille. The 220 million lb-ayear unit makes polymer for film and coatings. Presumably, the Commission of the European Communities will have to okay the restructuring. However, it took two years for the commission to act following a swap in 1982 between BP Chemicals and ICI of their U.K. LDPE and polyvi­ nyl chloride plants. D

Alberta lowers price of gas for petrochemicals Alberta Gas Ethylene (AGE), the huge ethylene producer in that west­ ern Canadian province, and its downstream customers figure to get a tremendous feedstock price break from a new natural gas pricing scheme that the Alberta government is putting into motion. The program is designed to overcome an anoma­ ly in Alberta law that has kept the natural gas price paid by AGE well above the prevailing intraprovincial market price. Described by an Alberta govern­ ment official as a "short-term, tran­ sitional program/' the plan, which became effective last week, will al­ low AGE, or more specifically, the company's suppliers who extract ethane from natural gas in straddle plants built on gas pipelines, to buy natural gas at prices up to 27% less than they now are paying. If this price advantage is passed on to AGE 6

November 12, 1984 C&EN

a n d its d o w n s t r e a m customers, Alberta petrochemical exports will get a much-needed boost in the fight for world market share. The Alberta border price for gas leaving the province is about $3.00 (Canadian) per thousand cubic feet. AGE pays just a little less—about $2.75—for its gas. But the intrapro­ vincial market price is only about $2.00. All industrial gas users in Alberta pay that price for their gas, including methanol and ammonia producers. All, that is, except AGE's ethane extractors. Because of a quirk in the law, and because the straddle plants are built on regulated pipe­ lines, they have to pay the higher, close-to-regulation price. The new program, which will re­ main in effect for 20 months (until July 1, 1986), will change that. The government intends to give the gas producers and their customers that much time to negotiate intrapro­ vincial market prices. In the mean­ time, the provincial government will provide funds to get ethane feed­ stock costs down from their present regulated base. And an amendment already has been introduced to change the law that caused the prob­ lem in the first place. If AGE's ethane price ends up reflecting the expected $2.00 gas price as expected, the savings would be tremendous. At full capacity, the company uses about 80 billion cu ft of gas per year. There could be one possible prob­ lem, however. Canada's trading part­ ners could consider Alberta's fund­ ing arrangement as an unfair subsi­ dy until truly free-market natural gas prices really are in place. D

Polysilanes show promise as photoresists Polysilane copolymers that are high­ ly sensitive to deep ultraviolet radi­ ation have been developed for even­ tual application as self-developing photoresists in the manufacture of silicon chips. The materials were developed by organic chemist John M. Ziegler and physical chemist Larry A. Harrah of Sandia National Laboratories, Albuquerque, N.M.

Polysilanes consist of a backbone of silicon atoms carrying organic substituents. An example of a poly­ silane copolymer developed by the Sandia researchers that has particu­ larly good properties as a photoresist is (isopropylmethyl silane/n-propylmethyl silane) n . On exposure to deep UV radiation, the material decom­ poses and volatilizes. A series of subsequent reactions results in noncorrosive and probably nontoxic sili­ cones as end products. As photoresists, the polysilane co­ polymers possess a number of prop­ erties to recommend them, Zeigler says. Conventional photoresists are carbon-based polymers. Unlike the polysilane copolymers, most must go through a developing step to remove material to obtain the cir­ cuit pattern desired. That involves exposure to a liquid solvent or, in the case of dry developing, to a plasma. In addition to extra steps, the developing process tends to de­ grade the quality of the pattern. Unlike the Sandia materials, selfdeveloping photoresists produce tox­ ic and corrosive end products. Ac­ cording to Zeigler, another factor is that none of the other self-devel­ oping photoresists are sensitive to deep UV radiation. Use of such short-wavelength radiation is becom­ ing increasingly important as chip manufacturers strive to achieve 1-μηι features. Although Zeigler believes that the polysilane copolymers will find use as single-layer photoresists, their greatest potential may be in con­ junction with other photoresists in bilayer lithography. Production of a finished silicon chip involves sev­ eral cycles of photoresist application, exposure to radiation, and etching. Once topography has been intro­ duced on the silicon wafer, light scattering in the exposure step can become a problem. Bilayer lithography overcomes that problem. It involves deposit­ ing a relatively thick layer of one photoresist to produce a flat surface and them depositing another, imag­ ing layer of photoresist on top of that. Zeigler says the properties of the polysilane copolymers make them an obvious choice for the imaging-layer photoresist in such a process. D