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Tosoh Silica to Establish Joint Venture in South Korea

July 15/2020

MOSCOW (MRC) -- Tosoh Silica Corporation (headquarters: Minato Ward, Tokyo), a member of the Tosoh Group, recently decided to establish a joint venture with Namhae Chemical Corporation of South Korea and construct a base to produce silica for use in fuel-efficient tires, as per the company's press release.

Demand for silica for fuel-efficient tires is expected to increase in line with a continued reduction in automotive fuel consumption as well as a shift towards vehicle electrification. Silica exhibits superior effectiveness in improving tire performance by reducing rolling resistance, which leads to enhanced automotive fuel economy.

Utilizing the advanced technological capabilities it has cultivated, Tosoh Silica will establish the second production base overseas to satisfy robust demand, ensure a stable supply of products, and strengthen the profitability of the business.

As MRC reported previously, Japan's  Tosoh Corp has brought on-stream its naphtha cracker following a planned outage. The company resumed operations at the cracker on April 20, 2020. The cracker was shut for maintenance on March 4, 2020. Located at Yokkaichi in Japan, the cracker has an ethylene production capacity of 527,000 mt/year and a propylene production capacity of 315,000 mt/year.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 595,170 tonnes in the first five month of 2020, up by 10% year on year. Deliveries of all ethylene polymers, except for linear low density polyethylene (LLDPE), rose partially because of an increase in capacity utilisation at ZapSibNeftekhim. At the same time, PP shipments to the Russian market was 457,930 tonnes in January-May 2020 (calculated by the formula production minus export plus import). Deliveris of exclusively PP random copolymer increased.

Tosoh is one of the largest chlor-alkali manufacturers in Asia. The company supplies the plastic resins and an array of the basic chemicals that support modern life. Tosoh's petrochemical operations supply ethylene, polymers, and polyethylene.


mrcplast.com
Author:Margaret Volkova
Tags:PP, PE, LLDPE, PP random copolymer, propylene, ethylene, car components, adhesives, Tosoh, Rossiya, South Korea, Japan.
Category:General News
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