31 July 2012 09:47 [Source: ICIS news]
SINGAPORE (ICIS)--German chemical major BASF and China’s Sinopec have signed a memorandum of understanding (MoU) to build an isononanol (INA) plant in Maoming, Guangdong province, south China, a company statement from BASF said on Tuesday.
The plant will be located in Maoming Hi-tech Industrial Development Zone, and the final scope of the investment will be determined following the outcome of a joint feasibility study, which is expected by the end of 2012.
The companies did not disclose any construction details.
Under the MoU, the two parties will evaluate the technical, commercial and economic viability of jointly owning and operating a worldscale facility for the production of INA under a 50:50 joint venture agreement. The capacity of the proposed unit was not disclosed.
The MoU was signed in Shenzhen, China, on 30 July.
INA is used as the feedstock for the production of plasticisers such as di-isononyl phthalate and non-phthalate plasticiser Hexamoll DINCH.
DINP is widely used as a plasticiser in industrial applications such as wires and cables, flooring, building and construction, while Hexamoll DINCH is added to polyvinyl chloride (PVC) to make it more flexible.
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