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China - Clariant
invests in specialty organic pigments
plant
Source: European Coatings Newsletter, 24
March 2008
Clariant International and Zhejiang Baihe Chemical
Holding Group plan to expand the Hangzhou Baihe Clariant Pigments
Co. Ltd. joint venture by investing in a world-scale plant for the
production of Quinacridone specialty organic pigments. The new plant
will be built at the existing joint venture facility located in Hang
Zhou City, Zhejiang Province, China.
Quinacridone organic pigments
increasingly find a wide application in high-performance coatings -
including architectural, automotive and industrial applications as
well as plastics and printing applications.
China - Sinopec, SABIC to
build US$1.7 billion joint venture
Source:
Xinhua News Agency, 24 March 2008
Saudi Basic Industries Corp.
(SABIC) has signed a framework agreement with China Petroleum and
Chemical Corp. (Sinopec) to build an ethylene derivatives plant with
an annual production capacity of one million metric tons. The two
companies would hold an equaling 50% stake in the US$1.7 billion
joint venture in northern Chinese port city of Tianjin.
The
plant, construction of which was expected to be finished in
September 2009, would be the first China joint venture for SABIC. It
would produce 600,000 metric tons of polyethylene and 400,000 metric
tons of ethylene glycol after going into operation.
Vietnam - Joint venture to
build first petrochemical complex
Source: Thai
News Service, 24 March 2008
Vietnamese and Thai businesses have signed
a contract to establish a joint venture to build the first
petrochemical complex in Vietnam. The four partners include two
Vietnamese and two Thais: the Vietnam Oil and Gas Group
(PetroVietnam), the Vietnam Chemicals Corporation (Vinachem), the
Thai SCG Chemicals and Thai Plastic and Chemicals (TPC). Total
investment is put at US$3.8 billion.
Annual production at the
complex will include 1.65 million tons of olefin, 1.45 million tons
of polyolefin, 280,000 tons of soda and 730,000 tons of materials
for the production of polyvinyl chloride (PVC). The complex is
scheduled to become fully operational in 2013.
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This Weekly News Update is a free newsletter,
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Fusion Consulting is a
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