Dow, Binhua form PCE manufacturing facility in China

Dow, Binhua to form PCE manufacturing facility in China

11:54 AM, 7th June 2011
Dow, Binhua to form PCE manufacturing facility in China
Carol Williams, President - Chemicals & Energy, Dow Chemical.

The joint venture will form a perchloroethylene (PCE) production facility in Binzhou, Shandong Province, China. The facility will look to supply material for non-ozone depleting refrigerants to meet growing demand in Asia.

 

MIDLAND, US: The Dow Chemical Company and Befar Group Co Ltd announced a memorandum of understanding (MOU) for a new 50-50 joint venture to produce perchloroethylene (PCE), to supply material for non-ozone depleting refrigerants to meet growing demand in Asia. Dow and Binhua estimate production would begin in 2014.

 

The two companies will explore development of the PCE manufacturing facility in Binzhou, Shandong Province, China, with an initial target capacity of 40 kilo tons per year. It will have the ability to double production to 80 kilo tons soon thereafter.

 

“The prospective partnership would increase our ability to meet the world’s rapidly expanding need for more sustainable product offerings, while continuing to provide a strong foundation for continued growth in our performance and market-driven businesses,” said Carol Williams, President - Chemicals & Energy, Dow Chemical.

 

Global demand for PCE as a feedstock is increasing for non-ozone-depleting fluorocarbon refrigerants in industrial, automotive and home applications. In China, the market for PCE is growing rapidly, but to date, local supply has been limited. The proposed Dow-Binhua joint venture is designed to meet this significant market opportunity.

(C) WOC News

 

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