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BASF, Evonik, Mitsubishi and Mitsui ink LOI with CPC Corp. for high-value petchems jv

5:31 AM MDT | May 11, 2013 | Natasha Alperowicz in Taipei

BASF, Evonik Industries, Mitsubishi Chemical and Mitsui Chemicals have signed a letter of intent (LOI) with CPC Corp. (Taipei) to develop production of high-value specialty petrochemicals, CW has learned. Sources told CW on the sidelines of the Asia Petrochemical Industry Conference in Taipei that CPC is expected to hold 50% in the venture with the other partners sharing the balance.   The project, still in the early stages, foresees production of specialty petrochemicals both in Taiwan and overseas. There are 2 sites under consideration in Taiwan...

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