Ube HighChem provide technology Chinese firm Qianxixian

Ube and HighChem to provide technology to Chinese firm Qianxixian

3:32 PM, 7th June 2011
Ube and HighChem to provide technology to Chinese firm Qianxixian


TOKYO, JAPAN: Ube Industries Ltd and HighChem Co Ltd will license their technologies for transforming a synthetic gas (a mixture of carbon monoxide and hydrogen gases) derived from coal gasification into a polyester feedstock to the Chinese firm Qianxixian Qianxi Coal Chemical Investment Co Ltd.


The license covers the process for manufacturing dimethyl oxalate (DMO) and the process for manufacturing ethylene glycol (MEG), a polyester feedstock derived through the reduction of DMO. These technologies enable a MEG industrialization process that is clean, economical, and has a low environmental impact.


Based on this licensed technology, Qianxixian will build a coal gasification facility and a 300,000-ton MEG (720,000-ton DMO) manufacturing facility in Guizhou Province, with plans to bring them online sometime around the end of 2012 or early 2013. MEG demand in China is rising at a rapid 10 to 15 per cent per year for use in polyester fibre and PET resin, but naphtha-based MEG production is limited.


Ube Industries and HighChem are also pursuing negotiations to license these technologies to other Chinese companies. The firms expects more technology license agreements in China for “several millions of tons” and to receive around Yen 5 billion ($ 60 million) in royalty payments within the next two to three years.

(C) WOC News




Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Total Lubricants and Kia join forces

PARIS, FRANCE: Total Lubricants and Kia Motors Corporation, on 22 March 2011, entered into a five-year international co-operation agreement, globall ...

Read more
DSM opens nutrition innovation centre in US

  PARSIPPANY, US: DSM opened a state of the art Nutrition Innovation Centre in Parsippany, New Jersey. The facility includes a laboratory, as we ...

Read more
IFC gives $ 215 million loan to Jordan-India Fertilizer Company

  WASHINGTON, US/AMMAN, JORDAN/LUXEMBOURG: IFC, a member of the World Bank Group, is providing a $ 215 million loan to the Jordan-India Fertiliz ...

Read more
Lonza to expand Singapore facility by 2012

BASEL, SWITZERLAND: Lonza is investing CHF 10 million to expand its biopharmaceutical development services platform in Singapore. Lonza’s Develo ...

Read more
CF Industries halts production at Port Neal facility

DEERFIELD, US: CF Industries Holdings Inc has temporarily halted production at its Port Neal nitrogen manufacturing complex in Sergeant Bluff, Iowa, l ...

Read more
Chemtura And UP Chemical JV for high-brightness LED market

PHILADELPHIA, US/SEOUL, KOREA: Chemtura Corporation and UP Chemical Co Ltd recently formed  a joint venture company, DayStar Materials, LLC, wh ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X