Clariant announces the grand opening of its new CATOFIN® catalyst production site in Jiaxing, Zhejiang Province, China, with an investment of CHF 80 million. 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 center 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.
Strategy to Strengthen Regional Footprint in China
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This investment is part of our strategy to strengthen our regional footprint and increase the share of local production in China with leading catalysts technology in a strongly growing segment,” said Jens Cuntze, president of Clariant Catalysts & Asia Pacific.
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 specialty 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.
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The successful completion of the CATOFIN® plant pushes us forward on our growth trajectory. It offers significantly more production capacity for the popular, high-value catalyst in a market that’s seeing rapidly increasing demand,” stated Jace Wang, head of Propylene at Clariant Catalysts.
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The increased production capabilities of the plant ideally position us to meet the demands of the region while simultaneously ensuring more proximity to a strategically important customer base,” added Wang.
Source: Clariant