Ingevity Corporation has announced a general price increase for tall oil fatty acid, distilled tall oil and derivative products, and for rosin-based resins associated with its industrial specialties portfolio.

The increase is due to continued supply and demand imbalance, which is expected to be exacerbated by the upcoming closure of a US paper mill previously supplying feedstock to Ingevity, along with competitive pressures on feedstock related to the impact of biofuel regulations.

The specific level of increases will vary by market and region. New prices will be effective July 1, 2022, or as contracts allow.