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Mitsui Chemicals and Honam Form PP Catalysts Production JV in Korea

3:20 AM MDT | October 5, 2010 | Natasha Alperowicz

Mitsui Chemicals and Honam Petrochemical Corp. (Seoul) have agreed to form an equally owned joint venture to build a polypropylene (PP) catalysts manufacturing plant in Korea. The plant will be constructed at Honam Petrochemical's Yeosu site and will begin production in April 2013. It will supply the Korean PP market, sources at Mitsui tell CW. The jv, capitalized at $18.5 million, will produce standard, rather than metallocene PP catalysts, Mitsui says. The company, which already makes PP catalysts in Japan, will, in addition to licensing its technology to the...

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