23 February 2012 11:02 [Source: ICIS news]
LONDON (ICIS)--LANXESS is to invest €40m ($53m) in building a carbon dioxide (CO2) concentration unit at its sodium dichromate site in Newcastle, South Africa, the Germany-based specialty chemicals company said on Thursday.
Construction of the unit will start in the first quarter of this year, while commissioning is planned for the second half of 2013, LANXESS said.
“This investment in South Africa marks another step within our BRICS [Brazil, Russia, India and China] strategy,” said Rainier van Roessel of the board of management.
“It allows the best possible capacity utilisation of our Newcastle plant and sets the basis for future expansion of our production.”
The overall capacity of the Newcastle plant is around 70,000 tonnes/year of sodium dichromate.
LANXESS said the site mainly produces sodium dichromate, which is further processed into chrome tanning materials for the leather industry, with the production technology requiring a permanent supply of highly concentrated CO2.
($1 = €0.76)
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