By ICN GroupPetro Chemical, May 23, 2020
Clariant’s CATOFIN catalysts were selected due to the performance and reliability of APC’s existing propylene plant in Saudi Arabia.
The transaction is expected to be finalized in the second quarter of 2020.
The company believes Vestolit is a fundamentally strong business, with a unique global footprint and strong cash generation, and will continue to focus on driving sustainable, profitable growth.
The plant will be built at QXTD’s integrated petrochemical complex in Zibo City, China and produce 200,000 metric tons of annual capacity. The plant operation is expected to come online in 2023.
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