PERSTORP, Sweden - Perstorp is investing in extended capacity for the polyalcohol neopentyl glycol by establishing production at the group’s manufacturing site in Zibo, China, with planned production to start during the second half of 2012.
The new capacity will be established at Perstorp’s manufacturing site in Zibo in China through Perstorp’s joint venture, Shandong Fufeng Perstorp Chemical Co. Ltd.
“The investment is driven by the increased demand for neopentyl glycol in Asia, but specifically in China, and will amount to 40,000 MT/year. The Chinese market is rapidly growing thanks to an increased awareness of the environmental benefits of powder coatings, the main application for neopentyl glycol,” said Mats Olofsson, Vice President Resin Intermediates.
Perstorp to Invest in China Facility
May 8, 2011