19 November 2004 00:17 [Source: ICIS news]
SHANGHAI (CNI)—German speciality-chemicals producer said talks are still ongoing with Sinopec on a carbon-black project despite having decided to go ahead with an expansion of its existing plant in Qingdao, China, said Eric Baden, president of Degussa (China) Co.
Degussa has a joint-venture carbon black facility in Qingdao which has a capacity of 50 000 tonne/year. Baden added that a 20 000 tonne/year expansion of the plant was on schedule to be completed at the end of this year.
The plant is owned by Qingdao Degussa Chemical Co which is owned by Degussa, Zhenya Carbon Black Co and DEG (Deutsche Investitions-und Entwicklungsgesellschaft).
CNI reported last year that Degussa was in discussions with Yangzi Petrochemical, a Sinopec subsidiary, on a carbon-black project in Nanjing. The Chinese company could have provided the raw material.
Baden declined to be drawn on whether had been held with Yangzi Petrochemical. He would only say that discussions were being held with Sinopec.
Carbon black is an important raw-material for the tire industry with which Degussa has maintained a close relationship.
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