Chemical Specialties Innovative chemistry

Transcription

1 ARKEMA IN 2015

2 Chemical Specialties Innovative chemistry

3 The new Arkema: a global producer of specialty chemicals 7,500m sales* 19,000 employees worldwide Worldwide presence in 50 countries 137 industrial sites 13 R&D centers 3 * 2014 pro forma 2015 CORPORATE PRESENTATION

4 3 business segments and 12 business units High Performance Materials Industrial Specialties Coating Solutions World of high value and innovative solutions Technical polymers (Specialty polyamides and Fluoropolymers) Adorption/filtration (CECA) Organic peroxides Specialty adhesives (Bostik) Global and integrated industrial niches Thiochemicals Fluorogases PMMA (Altuglas International) Hydrogen peroxide Solutions for decorative paints, industrial coatings and high-growth acrylic applications Acrylics Coating resins Photocure resins (Sartomer) Rheology additives (Coatex) CORPORATE PRESENTATION

5 Sales breakdown by business units Filtration and adsorption (CECA) Organic peroxides 6% 8% 12% Acrylics Coating Solutions 29% Technical polymers (Specialty polyamides and Fluoropolymers) 10% 2014 REVENUE OF 7,5 billion 10% 4% 3% Coating resins Photocure resins (Sartomer) Rheology additives (Coatex) Specialty adhesives (Bostik) 21% 9% PMMA (Altuglas International) High Performance Materials 45% 3% Hydrogen peroxides 8% Thiochemicals 6% Fluorochemicals Industrial Specialties 26% CORPORATE PRESENTATION

6 Broad geographical presence 45% Europe 61 production sites 7 R&D centers 10,800 employees 25% North America 34 production sites 3 R&D centers 3,400 employees 30% Asia and rest of the world 42 production sites 3 R&D centers 4,800 employees CORPORATE PRESENTATION

7 Innovation is the heart of Arkema s strategy Milwaukee (Bostik) Venette (Bostik) Serquigny Verneuil Carling Kyoto High Performance Materials High Performance Materials High Performance Materials Coating Solutions Coating Solutions High Performance Materials King of Prussia High Performance Materials Genay (Coatex) Coating Solutions Industrial Specialties Cary Coating Solutions Lacq Industrial Specialties Pierre Bénite Industrial Specialties Shanghai (Bostik) High Performance Materials 13 research centers 2.5% of sales allocated to R&D 1,700 researchers Changshu High Performance Materials Industrial Specialties CORPORATE PRESENTATION

8 Fluorochemicals Business Unit

9 Arkema s Fluorochemicals Business Unit : a worldwide presence 3 R&D centres 3 production facilities located in the US, Europe and China Calvert-City KOP Pierre-Bénite CRRA Changshu R&D centres Production facilities 9

10 A complete range of refrigerants available worldwide HFC-32 HFC-134a Blends Calvert City, KY Pierre Benite, France HFC-134a Blends Changshu, China HCFC-22 HFC-125 Production facilities 10

11 The Forane range of refrigerants 11

12 Announcements Forane 1234yfannouncement construction of a 1234yf production plant with start-up in 2016 two phase strategy based on proprietary technology first phase based in Asia second phase investment in Europe 1234yf has been confirmed as safe for use in replacement of 134a by the European Commission s Joint Research Centre in MAC systems (7 March 2014) Forane 1233zdmoleculeblowingagent Trans-1-chloro-3,3,3-trifluoropropene, a liquid halogenated olefin Granted US and EU patents as blowing agent in manufacture of polyurethane foam 12

13 New F-Gas Regulation (EU 517/2014)

14 New EU F-Gas regulation Main measures and overall objective Cap and Phase Down Selected use bans Aims to reduce HFC emissions by 2/3rds by

15 HFC cap & phase down 100% baseline -7% -37% -55% -69% -76% -79% 15 Base line = annual average of the total quantity of HFCs placed on the market into the European Union from 2009 to 2012 (quantities being expressedinco 2 eq)

16 HFC cap & phase down 100% baseline -7% -37% -55% -69% -76% -79% Estimated demand for precharged equipment 16

17 Impact on future price evolution 17 Source: EU F-Gas Regulation Handbook, Environmental Investigation Agency, October 2015

18 Bans on the use of HFC in new equipment and for servicing / maintenance 100 Refrigerators & Freezers for commercial use (hermetically sealed) GWP>2500 Movable room AC hermetically sealed, GWP> HFC-CO2 quotas eq (%) R23 in fire protection system or fire extinguishers Domestic refrigerators & Freezers GWP>150 Technical aerosol with GHG GWP>150 XPS foams, with GHG GWP>150 Other foams, with GHG GWP>150 Stationary refrigeration, GWP >2500 (except <-50 C) Multipack centralised refrigeration systems for commercial use with CAP>40kW : GWP>150 (except in the primary refrigerant circuit of cascade systems : GWP>1500) Single split AC containing <3kg GHG GWP>750 Refrigerators & Freezers for commercial use (hermetically sealed) GWP> Servicing /maintenance refrigerating This equipment presentation with and charge the information size>40t contained CO 2 within are privileged eq. and With confidential GHG GWP and >2500 the property of Arkema Servicing /maintenance reclaimed/recycled GHG with GWP>2500

19 Arkema's new low-gwp alternatives for HVAC and refrigeration

20 Considerations in Fluid Selection Performance Efficiency, Efficacy, Durability Compatibility, stability, Environmental Ozone Depletion Global Warming Fluid Selection Availability Supply, cost, ease of manufacture, Many factors are important for selecting a refrigerant for any particular application Safety Flammability Toxicity, Pressure Properties Density, conductivity, viscosity, Fluid selection requires a balance among various drivers, such as direct environmental impact, energy efficiency, safety, and so forth.

21 HVAC-R applications Arkema is developing multiple HFO refrigerants and blends for various application needs..and different timing Short/medium term : Non-flammable options with GWP of Long term : Slightly flammable options geared to GWP < 150

22 Arkema s Refrigerant Solutions for Tomorrow VOLUMETRIC CAPACITY ARM-20b ARM-25 ARM-20a ARM-71a R-404A Replacement Solutions R-410A Replacement Solutions R-449B R-410A R-22 R-407A R-407C R-427A ARM-35 R-404A R-1234yf ARM-42 R-134a Replacement Solutions R-134a R-1234ze ARC-1 R-123 Replacement Solutions R GWP Non-flammable Mildly flammable Flammable

23 Arkema s Refrigerant Solutions for Tomorrow Current Refrigerant R-123 GWP = 77 R-134a GWP = 1430 R-410A GWP = 2088 R-404A GWP = 3922 R-22 GWP = 1810 Non- Flammable ARC-1 (GWP < 15) R-449B (GWP = 1412) ARM-35 (GWP < 2300) R-449B (GWP = 1412) Mildly Flammable R-1234yf (GWP = 4) ARM-42 (GWP < 150) ARM-71a (GWP < 500) ARM-20a (GWP < 150) ARM-20b (GWP ~ 250) Flammable ARM-25 (GWP < 150) GWP on 100yr time horizon (IPCC AR4)

24 R-404A/R22 replacements

25 R-404A replacement Different solutions for different timing and balances of GWP/COP/CAP/flammability Stationary and transport refrigeration Commercially available Non-flammable Forane 407A GWP = 2107 Replacement/ Retrofit Under development GWP<2500 Non-flammable ARM-35 GWP < 2300 Near Drop-in R-449B GWP = 1412 Replacement/ Retrofit Under development GWP<300 Mildly Flammable ARM-20a GWP < 150 ARM-20b GWP ~ 250 ARM-25 GWP < 150 New Systems / Retrofits Drop-in Retrofits / New Systems New Systems 25

26 LT Refrigeration Low-GWP R-404A Replacement : Short/medium term 120% 100% 80% 60% 40% GWP COP CAP 20% R-404A R-407A ARM-35 R-449B A1 A1 A1 A1 T dis. +25K ~ +5 K ~ +25K Evap glide 3.5K ~ 2K ~ 3K Mass Flow 69% > 95% ~ 70% Mean Evaporator Temperature ( C) Mean Condenser Temperature ( C) Superheat (K) Subcooling (K) = -32 = 41 = 22 = 0 26

27 Non-flammable candidates ARM-35 R-449B Composition ASHRAE Safety Rating Not yet disclosed Class A1** ** anticipated 25.2% R % R % R-1234yf 27.3% R-134a Class A1 GWP reduction vs R-404A 48% 67% NBP ( C) ~ -49 ~ -46 Glide ( C) at 101kPa 4 6 Discharge T vs R-404A ( C) (-32/41 C) Mass Flow vs R-404A (%) (-32/41 C) ~ +5 ~ +20 < 10 ~ 30 27

28 Test unit Air cooled Walk-in freezer Drop-in tests R-404A, 1 HP, Walk-in Freezer with matching evaporator Semi-hermetic Reciprocating Compressor System configuration R-404A 1 Ton Thermostatic Expansion Valve +/-2% uncertainty in experimental values

29 Non-flammable candidates R-449B : R-404A retrofit / replacement vs R-404A Medium Temperature (Indoor of -9 C) Outdoor temperatures 16 C 29 C 41 C COP + 5% + 6% + 11% CAP + 1% + 3% + 8% Medium to Low Temperature (Indoor of -23 C) Outdoor temperatures 16 C 29 C 41 C COP 0% + 1% + 4% CAP - 3% - 2% 0%

30 Non-flammable candidates ARM-35 : R-404A easy retrofit / near drop-in vs R-404A Medium to Low Temperature (Indoor of -23 C) 21 C Outdoor temperatures 32 C COP + 7% + 7% CAP + 7% + 5% Low Temperature (Indoor of -32 C) 21 C Outdoor temperatures 32 C COP +18% +11% CAP +16% + 5%

31 Low-GWP R-404A Replacement : long term New equipments Balance between CAP/GWP/flammability LT Refrigeration 120% 100% 80% 60% 40% 20% GWP COP CAP R-404A ARM-20a ARM-20b ARM-25 A1 A2L A2L A2/A2L T dis. ~ 15 K ~ 30 K ~10 K Mean Evaporator Temperature ( C) Mean Condenser Temperature ( C) Superheat (K) Subcooling (K) = -32 = 41 = 22 = 0 31

32 Flammable candidates ARM-20a ARM-20b ARM-25 ASHRAE Safety Rating Class A2L** Class A2L** Class A2** GWP <150 ~ 250 <150 NBP ( C) ~ -42 ~ -46 ~ -52 Glide ( C) at 101kPa Discharge T vs R-404A ( C) (-32/41 C) ~ +15 ~ +30 ~ +10 ** anticipated 32

33 R-134a replacement

34 R-134a Replacement ARM-42 Centrifugal and positive displacement chillers Stand-alone refrigeration equipments GWP 120% 100% COP CAP 80% 60% 40% 20% Very Low GWP (< 150) Zero-glide Three component blend R-1234yf / R-134a / R-152a R-134a A1 ARM-42 A2L E-1234ze A2L Mean Evaporator Temperature ( C) Mean Condenser Temperature ( C) Superheat (K) Subcooling (K) = 4 = 38 = 5 = 5 34

35 ARM-42: Major Results low-gwp AREP % vs R-134a COP Capacity 90 Reciprocating Embraco Screw JCI Screw Trane Centrifugal JCI [Data source: AHRI Low-GWP AREP Report : - 018, 2013 : Embraco Calorimeter test -014, 2013 : JCI Air cooled chiller -006, 2012: Trane -Air cooled chiller] 35

36 Low-GWP AREP Results: 134a-Replacements Example Results: = 7 C = 29 C [Data source: AHRI Low-GWP AREP Report 006, 2012: Trane] 36 36

37 ARM-42: Major Results low-gwp AREP [Data source: AHRI Low-GWP AREP Report 018, 2013: Embraco reciprocating comp] 115 Cond. T = 35 C 115 Cond. T = 55 C CAP ARM-42a / R-134a CAP ARM-42a / R-134a Evap. Temperature Evap. Temperature 104 Cond. T = 35 C 104 Cond. T = 55 C COP ARM-42a / R-134a COP ARM-42a / R-134a Evap. Temperature Evap. Temperature 37

38 R-410A replacement

39 R-410A Replacement Air Conditioning 120% 100% 80% 60% 40% GWP COP CAP 20% R-410A R-32 A1 A2L ARM-71a A2L Mean Evaporator Temperature ( C) Mean Condenser Temperature ( C) Superheat (K) Subcooling (K) = 4 = 38 = 5 = 5 T dis. ~ 20K ~ 5K 39

40 R-410A Replacement ARM-71a Similar CAP and COP to R-410A Lower discharge temperature versus R-32 Moderate glide Refrig CAP COP Pr Tdisch (C) Pcond Pevap glide evap (C) R ARM-71a Mean Evaporator Temperature ( C) Mean Condenser Temperature ( C) Superheat (K) Subcooling (K) = 4 = 38 = 5 = 5 40

41 R-410A Replacement R-410A Efficiency ARM-71a Efficiency LCCP Capacity LCCP Capacity Toxicity Discharge T Toxicity Discharge T Flammability High Ambient Flammability High Ambient LCCP R-32 Efficiency Capacity Mildly flammable Similar CAP and COP to R-410A Lower discharge temperature vs R-32 Low glide Toxicity Discharge T 41 Flammability High Ambient

42 Fluids for Energy Recovery

43 Energy Recovery Technologies Use Industrial Waste Heat to Power Processes Available Energy Sources Industrial processes Geothermal Solar Biomass,. High Temperature Heat Pumps Generate Hot Fluid/Steam Low-grade heat: 60 C 140 C Organic Rankine Cycles Generate Electricity Waste steam or high-grade heat: 120 C 70 C 43

44 Non-flammable fluids Substance Bp ( C) Tc ( C) GWP AHP1 ~ 18 ~ 170 <13 AHP2 ~ 35 ~ 170 <10 R245fa R

45 Energy recovery applications AHP1 and AHP2 Very low GWP fluids : GWP <15 Organic Rankine Cycle and High Temperature Heat Pumps Organic Rankine Cycle -1.7% +1.4% 140% 120% 100% 80% 60% GWP COP 40% 20% T evap / T cond : 120 C / 20 C 45 R-245fa AHP1 AHP2

46 Energy recovery applications High Temperature Heat Pump 140% 120% 100% 80% 60% 40% GWP COP CAP 20% R-245fa AHP1 AHP2 T evap / T cond : 90 / 130 C 46

47 CONCLUSION

48 Expected general timeframe for the development of new Low-GWP alternatives for HVACR sectors in Europe New Low-GWP HVACR equipments development Commercialization Evolution of standards and national regulations New refrigerant + lubricants developments New components developments Phase I AREP program Duration: 21 months Phase II AREP program Development of new compressors, heat eachangers, condensers, expansion devices March 2011 Dec 2013 Q (expected)

49 Bans in refrigeration GWP<2500 GWP<150 Refrigerators & Freezers for commercial use (hermetically sealed) Forane 404A / 507 Forane 407A Forane 134a ARM-20a ARM-25 ARM-42 Stationary refrigeration equipments (not concerned: equipments for cooling < -50 C) GWP<2500 Forane 404A / 507 ARM-35 / R-449B Forane 407A / 410A / 134a Multipack centralised refrigeration systems for commercial use with capacity>40kw (exception: primary refrigerant circuit of cascade systems where the use of refrigerants with GWP<1500 will still be authorized) Forane 404A / 507 Forane 407A GWP<150 ARM-20a ARM-25 Forane 134a (in the primary refrigerant circuit of cascade systems) 01/01/ /01/ /01/2022 > 2030

50 Bans in air conditioning Movable room AC (hermetically sealed) Forane 410A / 407C Forane 134a GWP<150 ARM-42 GWP<750 Single split AC (charge size < 3kgs) Forane 410A / 407C Forane 134a ARM-71a ARM-42 01/01/ /01/ /01/2025 > 2030

51 Bans for servicing and maintenance GWP<2500 Servicing / maintenance refrigeration equipment (charge size > 40 tonnes CO 2 eq) (not concerned: equipments for cooling < -50 C or for military applications) Forane 404A / 507 ARM-35 / R-449B Forane 427A (R-22 retrofit) Forane 407A / 407C / 410A / 134a 01/01/ /01/2020 > 2030

52 Arkema s commitment to a sustainable future Developing next generation solutions for all major markets Forane 1233zd for PU foams Forane 1234yf for Mobile Air Conditioning and chillers Lower-GWP HFO blends for HVAC-R Active involvement in industry wide effort to replace current HFCs AHRI low-gwp AREP first and second round Joint UNEP/UNIDO project in Egypt (EGYPRA: Egypt-Promoting Refrigerant Alternatives) High Ambient Temperature Initiative (Provide arguments to Middle East countries and India that solutions to replace R-22 exist)

53 Thank You. Disclaimer The statements, technical information and recommendations contained herein are believed to be accurate as of the date hereof. Since the conditions and methods of use of the information referred to herein are beyond our control, Arkema expressly disclaims any and all liability as to any results obtained or arising from any reliance on such information; NO WARRANTY OF FITNESS FOR ANY PARTICULAR PURPOSE, WARRANTY OF MERCHANTABILITY, OR ANY OTHER WARRANTY, EXPRESS OR IMPLIED, IS MADE CONCERNING THE INFORMATION PROVIDED HEREIN. The user should thoroughly test any application before commercialization. Nothing contained herein constitutes a license to practice under any patent and it should not be construed as an inducement to infringe any patent, and the user is advised to take appropriate steps to be sure that any proposed action will not result in patent infringement Arkema Inc.