The plant, to be owned and operated by Sumitomo, will produce 1,3-diisopropanolbenzene (DIOL) and is due to start production in 2021. Sumitomo already supplies DIOL produced at its site at Chiba, Japan to Nouryon.
“We have a strong relationship with Sumitomo, which has supplied DIOL to us from Chiba for the past four years,” said Alain Rynwalt, Vice President of Polymer Catalysts at Nouryon. “In response to increased customer demand for our organic peroxides in Asia, we worked with Sumitomo to develop a plant in Oita to help ensure security of supply.”
Nouryon produces Perkadox 14 at Mons, Belgium and at Ningbo, China, where it recently completed an expansion project to increase its production capacity.
“Asia is a key growth market for Nouryon, and we are continuing to invest in the region to build our presence and to support growing customer demand,” said Johan Landfors, President of Technology Solutions at Nouryon. “This agreement is also a great example of partnering with a supplier to support our strategy of expanding in attractive growth markets.”
Click here for more information about Nouryon’s recent growth investments.