30 June 2009 09:59 [Source: ICIS news]
SINGAPORE (ICIS news)--Japan’s Asahi Kasei and Thailand’s PTT on Tuesday signed a memorandum of understanding (MoU) to explore the possibility of commercial production of acetonitrile at their under-construction acrylonitrile (ACN) plant in Mab Ta Phut, the Japanese major said in a statement.
"Under the memorandum announced today, plans will be formulated for the recovery and refinement of crude acetonitrile from the ACN plant of PTT Asahi Chemical (PTTAC) currently under construction in Thailand," Asahi Kasei said.
After completion, the plant will produce 200,000 tonnes/year of ACN, 70,000 tonnes/year of methyl methacrylate (MMA) and 160,000 tonnes/year of ammonium sulphate. The companies were aiming to add an acetonitrile production capacity of 12,000 tonnes/year to this product line-up.
PTTAC is a joint-venture company established in August 2006. Asahi Kasei and PTT hold a 48.5% stake each in the company. Marubeni Corp holds the remaining 3% stake.
"Supply of acetonitrile is currently insufficient to meet growing demand," the Japanese major said.
"Alleviating the supply shortfall as demand growth continues apace, production of acetonitrile at PTTAC’s new facility, together with the production of ACN, MMA and by-product ammonium sulphate, would enable PTTAC to further strengthen its foundation for stable earnings," Asahi Kasei added.
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