Clariant to Build Production Site for Catofin™ Catalysts in China

Clariant has announced the construction of a new catalyst production site in China. According to the company, this state-of-the-art project represents a significant investment that further strengthens Clariant’s position in China and enhances its ability to support its customers in the country’s thriving petrochemicals industry.

The new facility will reportedly be primarily responsible for producing the CATOFIN catalyst for propane dehydrogenation, which is used in the production of olefins such as propylene. Construction at the Dushan Port Economic Development Zone in Jiaxing, Zhejiang Province is scheduled to commence in Q3 2020, and Clariant expects to be at full production capacity by 2022.

“As we have defined the right portfolio for Clariant’s focused growth strategy, it is now vital that we invest in these core high-value specialty businesses, such as catalysts, to put them in the strongest possible market positions. China continues to be a growth market with attractive prospects for Clariant. This investment will be of great benefit to our company’s positioning and customer proximity in the entire region and hence, together with the One Clariant campus, marks another cornerstone of Clariant’s “Fringe to Core” strategy execution,” said Hans Bohnen, chief operating officer at Clariant.

Clariant stated that the new plant in Jiaxing will be Clariant Catalysts’ most digitized facility to date, incorporating sophisticated automation systems throughout the production process. Once completed, it will be Clariant’s third catalyst production plant in China. It will strengthen Catalyst’s existing network, which comprises a joint venture facility with the North Huajin Group in Panjin as well as a fully-owned Clariant facility in Jinshan, Shanghai, the company reported.

“The Jiaxing CATOFIN plant is a key component of our China strategy and further improves our commitments to the country’s growing PDH market. It is another example of how we continue to strengthen our presence in the region in order to expand our local capacity to meet our customers’ needs,” said Stefan Heuser, senior vice president and general manager at Clariant Catalysts.

The post Clariant to Build Production Site for Catofin™ Catalysts in China appeared first on American Coatings Association.

from American Coatings Association https://www.paint.org/clariant-to-build-production-site-for-catofin-catalysts-in-china/
via IFTTT