MOSCOW (MRC) -- Domo Chemicals has broken ground for a new plant to produce Technyl polyamide (PA)-based grades in Haiyan, Jiaxing, Zhejiang, China, said the company.
The EUR 14 M PA facility, which will be based on the latest technology and equipment, will gradually be expanded to reach a total capacity of 50,000 tonnes/y. Full operation is expected by the end of 1Q 2024. The project is strategically located and will play a key role in the company's strategy to expand its presence in the Asian market.
Domo said it plans to eventually expand the plant’s initial capacity of 35,000 t/y to 50,000 t/y, with a company spokesperson telling Plasteurope.com in 2022 that the increase is expected in five to eight years.
Beyond adding to the German firm’s competitiveness in the growing Asian polyamide market, the plant is expected to create job opportunities and contribute to the development of the local economy, said Fabrizio Cochi, Domo’s general manager for Asia.
As the development zone is to host manufacturers of electronics, new energy products, new materials, and high-end equipment, Domo said it expects the investment to place it close to customers while playing a key role in expanding its Asian presence. Among other things, the sub-district also aims to become a “hydrogen valley."
Active in PA resin manufacturing as well as compounding, Domo is also expanding a nearby plant. An initial stage of the company’s plans to raise Chinese output was completed in March 2022 when capacity was pushed to 14,000 t/y from 6,000 t/y.
We remind, Domo Caproleuna GmbH, an offshoot of Domo Chemicals, has produced 5 M tonnes of caprolactam at its 176,000 tonnes/y caprolactam and polyamide (PA) facility in Leuna, Germany. This volume is equal to around 225,000 truckloads. Domo Caproleuna intends to neutral CO2 emissions growth by 2030 by decreasing the carbon content of its energy mix by 15% and lessening industrial waste by 7%. Caprolactam is mainly used to manufacture PA 6 such as Domamid and Technyl.