Clariant announces the grand opening of its new CATOFIN catalyst production site in Jiaxing, Zhejiang Province, China, with an investment of SFR 80 M, said the company.
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 centre within the One Clariant Campus in Shanghai. 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 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 speciality 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.
We remind, Clariant, a focused, sustainable, and innovative specialty chemical company, announced the completion of the divestment of its North American Land Oil business to Dorf Ketal, a specialty chemicals manufacturer and service provider headquartered in India, for USD 14.5 million on 31 March 2023. Clariant’s North American Land Oil business is a provider of chemical technologies and services to the North American oil and gas industry and generated sales of USD 115 million in 2022.
mrchub.com