ADVERTISEMENT
2 /3 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Business

Mitsui Forms Venture, Gets Out Of Resorcinol

by Jean-François Tremblay
January 14, 2013 | APPEARED IN VOLUME 91, ISSUE 2

Mitsui Chemicals and Formosa Plastics Corp. will invest $20 million in a venture that will produce and sell electrolyte solutions used in lithium-ion batteries. Equally owned by both parties, the 5,000-metric-ton-per-year plant is scheduled to start production in May 2014 in the coastal city of Ningbo, in China’s Zhejiang province. Bolstered by growth in the smartphone, tablet, and electric-vehicles markets, demand for lithium-ion batteries is growing strongly in China, Mitsui says. Separately, Mitsui will stop making resorcinol. The decision is the consequence of a major accident in April 2012 that halted production at a complex near Hiroshima, Japan. Production of cymene at the site will restart this summer while that of hydroquinone resumes this month.

X

Article:

This article has been sent to the following recipient:

Leave A Comment

*Required to comment