On April 13, the methanol derivative project of Mitsubishi Gas Corporation (Nanjing) Fine Chemical Co., Ltd., a joint venture between Japan's Mitsubishi Gas Corporation, ITOCHU Corporation and Itoujon Fonda Chemicals Co., Ltd., started construction at Nanjing Chemical Industrial Park.
The total investment of this project is about 200 million U.S. dollars, and advanced Mitsubishi Gas Corporation's advanced technology is used to produce a variety of methanol derivatives. In the first phase, the company invested 54 million U.S. dollars, including methanol downstream products such as 40,000 tons/year dimethylformamide (DMF) and 10,000 tons/year dimethylacetamide (DMAC), and is scheduled to be completed and put into operation in October 2007. After the completion of the DMF and DMAC projects, it is expected that the output scale will rank first in the country, accounting for 20% and 50% of the annual output of similar products in the country.
Japan's Mitsubishi Gas Co., Ltd. is a world-renowned chemical company and has an important position in the production of methanol and its derivative chemical products. In 2004, the company, together with Japan’s leading integrated trading company, ITOCHU Corporation and its subsidiary ITOCHU Flonda Chemical Co., Ltd., plans to invest in a downstream methanol derivative project in China. After more than two years of investment visits, the Nanjing Chemical Industry Park was eventually determined as the project investment site. This is the first Japanese-funded large-scale chemical project that has been introduced since Nanjing Chemical Industry Park was established. After Lingtian (Nanjing) Fine Chemical Co., Ltd. settled in Nanjing Chemical Industry Park, it will drive more Japanese chemical companies to invest in the park.
The total investment of this project is about 200 million U.S. dollars, and advanced Mitsubishi Gas Corporation's advanced technology is used to produce a variety of methanol derivatives. In the first phase, the company invested 54 million U.S. dollars, including methanol downstream products such as 40,000 tons/year dimethylformamide (DMF) and 10,000 tons/year dimethylacetamide (DMAC), and is scheduled to be completed and put into operation in October 2007. After the completion of the DMF and DMAC projects, it is expected that the output scale will rank first in the country, accounting for 20% and 50% of the annual output of similar products in the country.
Japan's Mitsubishi Gas Co., Ltd. is a world-renowned chemical company and has an important position in the production of methanol and its derivative chemical products. In 2004, the company, together with Japan’s leading integrated trading company, ITOCHU Corporation and its subsidiary ITOCHU Flonda Chemical Co., Ltd., plans to invest in a downstream methanol derivative project in China. After more than two years of investment visits, the Nanjing Chemical Industry Park was eventually determined as the project investment site. This is the first Japanese-funded large-scale chemical project that has been introduced since Nanjing Chemical Industry Park was established. After Lingtian (Nanjing) Fine Chemical Co., Ltd. settled in Nanjing Chemical Industry Park, it will drive more Japanese chemical companies to invest in the park.
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