DATE : 2014-03-10
Arkema, France, has agreed joint venture terms with Jurong Chemical, the 5th producer of acrylic acid in the world and leader in China. The joint venture Sunke, has a plant at Taixing, 200 km from Shanghai, China, with 400 employees and 2 lines of 160,000 tonnes/y each. A 3rd line is planned to open in 2015, to bring the site capacity to 480,000 tonnes/y. Arkema claims Asia accounts for 53% of global consumption of acrylic acid, calculated at 4.8 M tonnes in 2013, of which 25% was for China, which is growing at 7-8%. Arkema has recently brought its capacity in Clear Lake, TX, USA, to 270,00 tonnes/y acrylic acid. It also has 50% of Nippon Shokubai, with a 65,000 tonnes/y plant in Bayport, TX,USA. The Arkema site in Carling, Moselle, France, has a capacity of 275,000 tonnes/y.
SOURCE Double-Liaison