15 June 2011 19:19 [Source: ICIS news]
TORONTO (ICIS)--French chemicals producer Arkema has agreed with Canada Fluorspar to invest Canadian dollar (C$) 100m ($102m) to jointly develop a fluorspar mine in ?xml:namespace>
The project will secure fluorspar supplies for Arkema’s North American fluorochemicals operations, it said.
Arkema and Canada Fluorspar will be equal partners in the mine, which is expected to start up in early 2013, Arkema said.
“The investment of some C$100m will provide Arkema with long-term competitive access to strategic feedstock for its fluorochemicals operations in
Fluorspar is the key feedstock in the production of hydrofluoric acid, the main raw material for the production of refrigerant gas and fluoropolymers.
The European Commission has identified fluorspar as a critical raw material to which European chemicals need to have access.
Arkema is a global player in the fluorine product chain, with production sites in
($1 = C$0.98)
For more on Arkema and other producers visit ICIS company intelligence
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections