23 April 2013 18:11 [Source: ICIS news]
HOUSTON (ICIS)--Vertellus Specialties has formed a joint venture in ?xml:namespace>
Vertellus said that joint venture partner Weifang Green Olive Chemical (Green Olive) has a 10,000 tonne/year plant in Shandong province that may be further expanded.
The Weifang facility, which has been idle since it was built in 2011, is expected to become fully operational this summer, Vertellus said.
Vertellus will own the majority of the outstanding equity of the joint venture, and it will manage the operations of the facility and be responsible for marketing its products to customers in
"Vertellus is excited about the opportunity to partner with Green Olive to bring this state-of-the-art facility online to support the growth of
Financial terms were not disclosed.
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