AkzoNobel Specialty Chemicals, a leading global paints and coatings company and a major producer of specialty chemicals, has laid the foundation stone for construction of a state-of-the-art organic peroxide production facility in Tianjin, China with an investment of €90-million. Organic peroxides are important for the production of a wide range of polymers including PVC and thermoset resins.
The new plant, located in the Tianjin Nangang Industrial Zone, is being built with the assistance of the Chinese authorities, to optimize urban planning and produce an industrial upgrade in the country’s chemical industry that would replace the company’s existing organic peroxides plant in Tianjin.
The new facility, scheduled to complete in the second quarter of 2020, will increase the capacity between 30 and 70 percent depending on the product line, and would support customer’s growth.
Jack Li, Regional Sales Director Polymer Chemistry, speaking at a special ceremony with customers and government officials, said, “Demand for organic peroxide continues to increase in Asia and around the world. The end-use markets for organic peroxides are growing annually between five and six percent in China, outpacing growth in the rest of the world.”
“The company is focusing on improving sustainability at the new site to meet the Chinese government’s stringent requirements,” said, Johan Landfors, Executive Committee Member responsible for Polymer Chemistry. He, added, “We are installing an innovative technology to minimize the discharge of waste water. New equipment will also streamline our production processes, helping us to reduce our water and energy consumption while removing volatile organic compounds.”
The company has partnered closely with the Tianjin Economic-Technological Development Area to construct a facility that meets the needs of the city and also of company’s business, customers and employees.