VINYTHAI
Solvay joint venture invests in new epichlorohydrin plant in China / Commissioning expected in 2014
Solvay (Brussels / Belgium; www.solvay.com) joint venture Vinythai (Bangkok / Thailand; www.vinythai.co.th) plans to invest EUR 155m in a new 100,000 t/y epichlorohydrin plant in Taixing / China. The jv between the Belgian group and PTT Global Chemical (PTT GC, Bangkok / Thailand; www.pttgcgroup.com) said it expects to commission the new facility, which will be based on Solvay’s bio-based “Epicerol” technology, in H2 2014.
The announcement comes after Vinythai’s commissioning of a 100,000 t/y epichlorohydrin manufacturing plant in Thailand in February this year. The shareholders of the Bangkok-based group are to formally approve the investment, which would make Vinythai Asia’s second largest epichlorohydrin manufacturer, next month.
Output of the new facility is to go towards meeting rising Chinese demand for the epoxy resin feedstock. The Chinese market is expected to grow at 8% a year, Solvay says, adding that by 2016, it will represent 35% of total global demand.
The announcement comes after Vinythai’s commissioning of a 100,000 t/y epichlorohydrin manufacturing plant in Thailand in February this year. The shareholders of the Bangkok-based group are to formally approve the investment, which would make Vinythai Asia’s second largest epichlorohydrin manufacturer, next month.
Output of the new facility is to go towards meeting rising Chinese demand for the epoxy resin feedstock. The Chinese market is expected to grow at 8% a year, Solvay says, adding that by 2016, it will represent 35% of total global demand.
14.06.2012 Plasteurope.com [222571-0]
Published on 14.06.2012
German version of this article...