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Sumitomo Chemical forms jv with Sumitomo Corp., Renaissance Energy Research for CO2 separation business

1:15 PM MDT | October 26, 2012 | Deepti Ramesh

Sumitomo Chemical says it has entered into an agreement with Sumitomo Corp. (Tokyo) and Renaissance Energy Research Corp. (Kyoto, Japan) for the formation of a joint venture to enter the carbon dioxide (CO2) separation business using CO2 permselective membrane technology in a membrane separation process. Sumitomo Chemical and Sumitomo Corp. will each hold 47.5% stake in the new jv company, and Renaissance Energy will hold the remaining 5%. The jv, which will be established by the end of this year, will be based at Tokyo. CO2 separation technology is mainly used...

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