Monument Chemical is planning to scale up its worldwide supply of 2-key bio-based solvents, THFA (tetrahydrofurfuryl alcohol) and 2-MeTHF (2-methyltetrahydrofuran), following a new agreement with Minasolve as the company ceases US manufacturing of the products.
The move positions Monument to guide customers across pharmaceutical, agrochemical and specialty markets by capitalizing on its established production community, quality systems and commercial reach across Europe and US.
With more than 5-years of experience manufacturing high-purity THFA and 2-MeTHF in both regions, Monument targets to reinforce supply continuity and meet developing customer requirements as manufacturing arrangements shift.
“This is precisely the type of opportunity we look for – one where our capabilities, assets, and people permit us to solve a real need for customers,” stated Sarves Peri, President, Monument Chemical. “We know these products and markets properly, and we’re ready to build on that basis to reinforce worldwide supply and better serve our customers.”
Monument’s presence in Europe and the USA is anticipated to be a key benefit for pharmaceutical customers, for whom product quality, reliability and security of supply are crucial.
“Our ability to manufactures in both Europe and the US gives us a sturdy worldwide position to guide pharmaceutical clients with manufactures near by where they operate,” stated Sweder van Rijckevorsel, VP Business Leader, Europe, Monument Chemical.
“Integrated with our well-established quality guarantee and control systems for high-purity solvents, it permits us to offer the consistency and reliability these applications demand while persists to develop with our customers globally.”
The expansion is also anticipated to give Monument greater flexibility in serving agrochemical producers, where reliable access to critical solvents stays a priority.
“Reliable supply is crucial for our agrochemical clients,” stated John Lewis, Senior Commercial Director, US Solvents, Monument Chemical. “Scaling up manufacturing offers us more flexibility to support their developing needs.”
For Minasolve, the agreement marks a shift in targeted towards other bio-based chemicals at the same time as placing the THFA and 2-MeTHF business with a partner prepared to support customers over the long term.
“As we strengthen our focus on other bio-based chemicals, it was crucial to detect a partner with the experience and and to persist assisting our clients for the long time,” mention Frédéric Marmousez, CEO of Minafin Group. “Monument knows these products and markets properly, and we are delighted to found a reliable partner to ensure a seamless transition. and the continued development of these bio-based solvents.”
Monument and Minasolve will work directly with clients over the approaching months to assess individual necessities and facilitate a smooth transition.
The agreement strengthens Monument’s approach of scaling up its capabilities in response to changing client needs, with a focus on supply resilience, overall performance and sustainability.
Beyond its manufacturing capabilities, Monument provides circular solvent solutions, inclusive of recovery, purification and reprocessing, widening its offering for clients seeking more sustainable strategies to solvent use.
