NORTH CHARLESTON, S.C., March 2, 2017 – Ingevity has announced a price increase for the Altapyne™ tall oil fatty acid (TOFA) line of products. The increase will average approximately $120 per metric ton and is a result of higher demand for fatty acids and their derivatives.
The new price will be effective April 1, 2017, or as contracts allow.
Ingevity: Purify, Protect and Enhance
Ingevity provides specialty chemicals and high-performance carbon materials and technologies that help customers solve complex problems. These products are used in a variety of demanding applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, printing inks and automotive components that reduce gasoline vapor emissions. Through a team of talented and experienced people, Ingevity develops, manufactures and brings to market products and processes that purify, protect and enhance the world around us. Headquartered in North Charleston, S.C., Ingevity operates from 25 locations around the world and employs approximately 1,500 people. The company is traded on the New York Stock Exchange (NYSE: NGVT). For more information, visit www.ingevity.com.