TAGS: Acrylic Coatings
OQ Chemicals signs a final investment decision (FID) to build additional capacity of propionic aldehyde and infrastructure. This is to support Röhm in constructing a world-scale methyl methacrylate (MMA) plant at an OQ Chemicals’ production site.
Utilizing Latest LiMA Technology
The new MMA plant has a design capacity of 250.000 tons per year and will utilize Röhms’ latest proprietary LiMA technology. OQ Chemicals will integrate the plant into its production site at Bay City, Texas, and provide raw materials, utilities, and site services to Röhm. In 2021 both companies signed a Memorandum of Understanding in this regard.
Based on the engineering progress of both parties, all other arrangements for construction are now complete. The new plant is slated to be mechanically complete by Q1 2024. “
LiMA will significantly strengthen Röhm’s position in the MMA market,” said Ron Ayles, managing partner at Röhm’s financial sponsor Advent International.
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This project goes by ‘Propel’, which is short for ‘Propyls Elevated’. We are excited to have achieved FID on Propel and can move ahead as planned. At OQ Chemicals, we are looking forward to welcoming Röhm to our site in Bay City. I am convinced that both companies will greatly benefit from our future cooperation and combined expertise," said Dr. Oliver Borgmeier, CEO of OQ Chemicals.
Dr. Michael Pack, CEO of Röhm, commented, “
The realization of such a project requires well-experienced and trustworthy partners. We are proud to have OQ on our side.” With the realization of LiMA, Röhm completes its technology platform in the global production Verbund. “
This guarantees customer the highest level of supply security,” Pack added.
Source: OQ Chemicals