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BASF, Evonik, Mitsubishi, Mitsui ink LOI with CPC

12:42 PM MDT | May 21, 2013

BASF, Evonik Industries, Mitsubishi Chemical, and Mitsui Chemicals have signed a letter of intent with CPC (Taipei, Taiwan) to develop production of high-value specialty petrochemicals, CW has learned. One source told CW on the sidelines of the recent Asia Petrochemical Industry Conference in Taipei that CPC is expected to hold 50% in the venture, with the other partners sharing the rest. The project, still in the early stages, foresees production of specialty petrochemicals in Taiwan and overseas. There are two sites under consideration in Taiwan: Gaoxiong...

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