22 August 2013 07:06 [Source: ICIS news]
SINGAPORE (ICIS)--Clariant and Germany’s Lummus Novolen Technology will jointly invest Swfr65m ($70.7m) to build a polypropylene (PP) catalyst production line in the US, the Swiss specialty chemicals firm said on Thursday.
A Ziegler-Natta PP catalyst production line to be built in Louisville, Kentucky, is expected to come on stream in 2015, Clariant said in a statement.
The investment is part of the two companies’ signed long-term cooperation agreements on the joint development and commercialisation of the new PP catalyst, it said.
"The two companies will combine and ramp up R&D [research and development] efforts to develop improved polypropylene catalyst and donor technologies," Clariant said.
It estimates the PP Ziegler-Natta catalyst market is expected grow at more than 5% in the next five years.
($1 = Swfr0.92)
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