Ingevity announces 10% price increase for all lignin products and tall oil fatty acid products, effective from Oct. 1, 2023, due to heightened operational costs and supply-demand imbalance

Sample article from our Chemicals Industry

August 31, 2023 (press release) –

Aug 31, 2023

Ingevity announces price increase for lignin and tall oil products



NORTH CHARLESTON, S.C. , Aug. 31, 2023 - Ingevity Corporation has announced a 10% price increase to all lignin products across its dispersants business and to all tall oil fatty acid (TOFA), distilled tall oil (DTO) and TOFA derivative products associated with its Industrial Specialties portfolio. Lignin products increases are due to ongoing elevated operational costs associated with the recently announced closure of the host paper mill in North Charleston, South Carolina . TOFA and DTO products increases are due to the continued supply and demand imbalance for tall oil based fatty acids. The increases will be consistent across markets and regions.

New prices will be effective October 1, 2023 , or as contracts allow.

Ingevity : Purify, Protect and Enhance

Ingevity provides products and technologies that purify, protect and enhance the world around us. Through a team of talented and experienced people, we develop, manufacture and bring to market solutions that help customers solve complex problems and make the world more sustainable. We operate in three reporting segments: Performance Chemicals, which includes specialty chemicals and pavement technologies; Advanced Polymer Technologies, which includes biodegradable plastics and polyurethane materials; and Performance Materials, which includes activated carbon . Our products are used in in a variety of demanding applications, including adhesives, agrochemicals, asphalt paving, bioplastics, coatings, elastomers, lubricants, pavement markings, publication inks, oil exploration and production and automotive components. Headquartered in North Charleston, South Carolina , Ingevity operates from 31 countries around the world and employs approximately 2,050 people. The company's common stock is traded on the New York Stock Exchange (NYSE:NGVT). For more information visit Follow Ingevity on LinkedIn.



  • SHARE:


Ingevity Corporation published this content on 31 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2023 13:06:14 UTC .

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

More from our Chemicals Industry Coverage
See our dashboard in action - schedule an demo
Dan Rivard
Dan Rivard
- VP Market Development -

We offer built-to-order chemicals industry coverage for our clients. Contact us for a free consultation.

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.