-
Clariant
announces the grand opening of its new high-tech production facility for CATOFIN, a high-yield, exceptionally reliable propane dehydrogenation (PDH) catalyst
- The production facility in Jiaxing,
Zhejiang Province
,
China
represents an investment of
CHF 80 million
and was completed within only 18 months
- The plant positions
Clariant
to drive forward innovation and customer proximity while ensuring a continued expansion of its global footprint
MUNICH
,
April 12, 2023
-
Clariant
announced today the grand opening of its new CATOFIN catalyst production site in Jiaxing,
Zhejiang Province
,
China
. Investing in innovations such as CATOFIN is a core element of
Clariant's
new purpose-led strategy, as expressed in the statement 'Greater chemistry - between people and planet.' Beyond that, the site serves to increase the already expanding footprint in
China
, adding on to the existing nearby catalyst plants in Jinshan and catalyst R&D center within the One Clariant Campus in
Shanghai
.
"This investment is part of our strategy to strengthen our regional footprint and increase the share of local production in
China
with leading catalysts technology in a strongly growing segment," said
Jens Cuntze
, President of Clariant Catalysts &
Asia Pacific
.
CATOFIN is a catalyst for propane dehydrogenation (PDH), which is used in the production of olefins such as propylene. Thanks to its excellent reliability and productivity, CATOFIN delivers superior annual production output, resulting in increased overall profitability for propylene producers. Additionally,
Clariant
developed a specialty material called Heat Generating Material (HGM), which reduces the energy consumption of the CATOFIN technology by up to one-third, further highlighting the advantages of this exceptionally reliable, high-yield catalyst solution.
"The successful completion of the CATOFIN plant pushes us forward on our growth trajectory. It offers significantly more production capacity for the popular, high-value catalyst in a market that's seeing rapidly increasing demand. The increased production capabilities of the plant ideally position us to meet the demands of the region while simultaneously ensuring more proximity to a strategically important customer base," said
Jace Wang
, Head of Propylene at Clariant Catalysts.
Representing an investment of
CHF 80 million
, the site was completed within only 18 months from ground-breaking in
September 2020
, becoming fully operational last year. It is a state-of-the-art plant with digitalized operations which are essential to be able continue making high quality catalyst while boosting productivity rates.
CATOFIN® IS A TRADEMARK OF CLARIANT REGISTERED IN MANY COUNTRIES.
Disclaimer
Clariant AG
published this content on
12 April 2023
and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on
12 April 2023
06:16:06 UTC
.
