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Business
Akzo, Fluorchemie Plan Joint Venture
by Marc S. Reisch
November 21, 2011
| A version of this story appeared in
Volume 89, Issue 47
AkzoNobel and the German fluorochemicals maker Fluorchemie are setting up a joint venture to operate a 24,000-metric-ton-per-year hydrochlorofluorocarbon-22 plant that Fluorchemie now owns in Frankfurt. The venture will start up at the beginning of next year. Akzo is spending $190 million to expand a nearby chlorine facility. Part of its capacity is destined for the HCFC-22 operation. HCFC-22 is an important feedstock for polytetrafluoroethylene and refrigerant production.
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