KH Neochem, CPC in JV to build petrochemical complex in Taiwan

16-Feb-15

Japan based KH Neochem has partnered with Taiwanese petroleum firm CPC and Mega International Commercial Bank to form a joint venture (JV) to build a petrochemical manufacturing complex in Taiwan, China. To be named Taiwan-Japan Oxo Chemical Industries, the plant will be located at the Kaohsiung Lin Hai Industrial Park. The project will be carried out with an investment of US$434 mln, in which CPC and KH Neochem will each hold a 47% stake and Mega International will own the balance 6% stake. Operations for the complex are planned to commence in 2019. The facillity will produce 180,000t of isononyl alcohol and 21,000t of butene trimer, which are key raw materials used to produce plastics, lubricants, and adhesives, according to Central News Agency