LG Chem Hikes Neopentyl Glycol Capacity

LG Chem (Seoul), Asia's largest producer of neopentyl glycol (NPG), has announced plans to expand capacity by 35,000 m.t./year to 100,000 m.t./year at its Yeosu, Korea complex. The project, due for completion in the second half of this year, will reinforce its position as Asia's leading producer and one of the leading global player in NPG. NPG is used in the manufacture of resins for coatings, especially gel coats and powder coatings. It is also converted to alkyd, polyester and polyurethane resins for water- and solvent-based coatings, including high-solid...

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