Asahi Kasei has entered into a joint venture deal with China National Bluestar (Group) Co Ltd to produce and sell modified polyphenylene ether (mPPE) in China, the Japanese producer said on Tuesday.
The companies aim to produce 30,000 tonnes/year of polymer PPE (polyphenylene ether) and 20,000 tonnes/year mPPE.
Financial details of the deal were not disclosed.
“Asahi Kasei and Bluestar will now begin studying the construction of manufacturing facilities for 2,6-xylenol, PPE, and mPPE, and proceed with detailed evaluation of the economics of the joint business targeting a final investment decision by March 2018,” Asahi Kasei said.
Production will use Bluestar’s technology for 2,6-xylenol and PPE, together with Asahi Kasei’s mPPE compounding technology and applications development capability “to facilitate further expansion in the growing Chinese market”, Asahi Kasei said.
Asahi Kasei and Bluestar created two joint venture firms to separately handle the manufacturing and sales of mPPE operations in China.
Bluestar is a subsidiary of China National Chemical Corp (ChemChina).
Source: ICIS News
We are closing the chapter of the Chemicals Import Export Headquarters, and opening a new chapter under the name of Qemetica – a chemical group driving many industries on all continents. Therefore, the change of name is also accompanied by the adoption of the key goals of the business strategy for the next 6 years. – says Kamil Majczak, President of the Management Board.
In its efforts to advance chemical recycling, Neste has successfully conducted its first processing trial run with a new challenging raw material, liquefied discarded tires. In the processing run, Neste produced high-quality raw material for new plastics and chemicals.
Sika is opening a state-of-the-art facility in Lima, Peru, to produce synthetic macro fibers, and expanding the rollout of a product range with great growth potential in Latin America. With this innovative technology, Sika is further strengthening its position as a leading supplier to the mining industry and a strong partner for infrastructure projects.
