Kraton Corp. said Tuesday it is planning a general price increase of 15% to 20% across its CTO (crude tall oil) refinery products and derivatives, effective Jan. 1. The Houston-based company makes specialty polymers and bio-based products derived from pine wood pulping co-products, that are used in a range of applications, including adhesives, coatings, consumer and personal care products, sealants and lubricants, and medical, packaging, automotive, paving and roofing products. It is one of a number of companies raising prices to combat inflationary pressures and the impact of supply chain snags on their business. Kraton shares were not active premarket, but have gained 65% in the year to date, while the S&P 500 has gained 25%.
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