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Chemical Week Magazine :: Business & Finance :: Asia/Pacific

Ube Forms China Dimethyl Carbonate Venture

7:26 AM MDT | April 27, 2012 | —Deepti Ramesh

Ube Industries says it has reached an agreement with Henan Zhongyuan Dahua Group (Puyang, China) and HighChem Co. (Tokyo), to establish a joint venture in China for manufacturing dimethyl carbonate. The jv company will be called Henan Tanyi New Energy, and it will be based at Puyang. Henan Zhongyuan Dahua will hold a 51% stake in the jv, and Ube and HighChem will each hold 24.5%. The jv will construct production facilities adjacent to the plants of Henan Zhongyuan Dahua at Puyang. It will produce 100,000 m.t./year of dimethyl carbonate and production is expected...

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