Demand for glycerin has boomed amid supply chain uncertainty due to Covid-19. According to the April 22, 2020 Independent Commodity Intelligence Services (I.C.I.S.) Glycerin report,
"US spot refined prices maintained upward momentum, amid continued supply chain uncertainty and tight spot availability. US production from large and integrated producers largely remains intact under the
federal mandate amid low feedstock costs and sustained demand from the trucking sector. While oleochemical production is improving in southeast Asia, coronavirus-related shipping and logistics constraints persist. Local coronavirus-related constraints are adding to that pressure. Demand is strong across most end segments besides polyurethanes, especially for hand sanitizers to support coronavirus relief efforts" (Hall).
The report went on to say that "Contracts negotiated in March faced major increases amid severe disruptions to the supply chain, both domestically and across south and southeast Asia, alongside increased raw materials demand for the cleaning industry during the coronavirus outbreak."
It is believed that part of the demand increase is due to the fact that glycerin makes up 2-3% of the formulation of hand sanitizer. While the percentage is low, the basic principles of supply and demand tells us that those numbers have grown exponentially over the past few months.
Twin Rivers Technologies is a supplier of non-biodiesel refined glycerin. Twin Rivers offers a full line of Glycerin products including 99.7% refined glycerin that is available in non-vegetable grade, vegetable grade and meets USP-NF and FCC specifications. Additionally, our glycerin line includes a 99% non-vegetable technical grade product. Our refinery uses only the highest quality oleo-raw materials to produce a very low odor, light color glycerin. Our process is designed to produce products that meet Monograph (USP/NF and FCC) requirements for glycerin content and purity and are manufactured with strict adherence to GMP and SQF standards. Our glycerin refinery is Level 2 SQF Certified and TRT is a HACCP Based Food Safety Plan Supplier. SQF certification provides assurance that TRT's Refined Glycerin, process and service complies with regulatory, international and scientifically proven standards for safety. To learn more about our Glycerin product line, please click here
Twin Rivers is seeing heavy demand for glycerin throughout the industry and is doing everything we can to help support the critical supply chain. If you have glycerin needs, please contact your TRT Account Manager or contact us on our website