Solvay announces plans to build €155m ECH plant in Taixing, China

11 June 2012 11:00  [Source: ICIS news]

LONDON (ICIS)--Thailand-based vinyl and chlor-alkali producer Vinythai, a subsidiary of Solvay, will build a 100,000 tonne/year epichlorohydrin (ECH) plant in Taixing, China, to serve the growing market, the Belgium-based chemicals producer said on Monday.

The plant will cost €155m ($194m) to build and should become operational in the second half of 2014. The new plant will make Vinythai the second largest ECH producer in Asia.

The Chinese ECH market is expected to grow by 8% on an annual basis and represent 35% of total world demand in 2016, Solvay said. ECH is used as a feedstock for the production of epoxy resins, increasingly used in applications such as corrosion protection coatings as well as in the electronics, automotive, aerospace industry or wind turbine industry, the company added.

"Customers in China will benefit from the steady supply of sustainable and bio-based epichlorohydrin, contributing to improve their environmental footprint," said Vincent De Cuyper, group general manager of Solvay's chemical sector.

Vinythai’s major shareholders are Solvay (58.77%) and Thailand’s PTT Global Chemical (24.98%).

($1 = €0.80)

By: Franco Capaldo
+44 (0)20 8652 3214

AddThis Social Bookmark Button

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.

Printer Friendly

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