LONDON (ICIS)--Polish chemical company PCC Rokita said on Thursday that it has reached a deal with China’s Shandong Shida Shenghua Chemical Group to form a joint venture for the production of organic carbonates in Poland.
A facility will be built at PCC Rokita’s production site in Brzeg Dolny, southwestern Poland, for the manufacturing of the product used in lithium batteries, it added.
The expected plant capacity is 20,000 tonnes/year.
The joint venture, to be realised through a special purpose vehicle, will be split 49:51 between PCC Rokita and Shandong Shida Shenghua.
The initial investment commitment is €22m, the Polish company added.
PCC Rokita has several business partners in East Asia.
In April last year, it acquired a further 25% of Thailand’s IRPC Polyol taking its ownership stake in the joint venture to 50%.
In March last year, lpis, a subsidiary of sister companies PCC Exol and PCC Rokita, acquired 100% of the shares in PCC Oxyalkylates Malaysia.
The PCC companies are subsidiaries of Duisburg, Germany-based energy, logistics and chemicals group PCC, which has operations in 17 countries.
PCC Rokita produces polyols and polyurethane (PU) systems, along with chlorobenzene, chlor-alkali, surfactants, phosphorous derivatives and napthalene derivatives.
Shandong Shida Shenghua Chemical, located in Dongying, near Beijing, is run by China’s University of Petroleum, according to its website.
Its products include lithium hexafluorophosphate, imethyl carbonate, propylene carbonate, ethylene carbonate and methyl ethyl carbonate.