Taiwan-Japan Oxo Chemical Industries Inc. Selects Axens’ Technologies for an Isononyl Alcohol production plant in Kaoshing area, Taiwan
Axens announced today that Taiwan-Japan Oxo Chemical Industries Inc. (TJOCI) will use Axens’ technologies and catalysts for its isononyl alcohol (INA) production plant.
On February 11th 2015, CPC, KH Neochem (KHNC) and Mega International Commercial Bank (MICB) signed an agreement setting up a joint-venture for the production of high value-added petrochemical products.
Under this agreement, TJOCI will invest NT$13.7 billion in construction of a production plant of INA in Kaohsiung area, Taiwan. The plant is scheduled to begin commercial operations in 2019 with its initial annual production capacity of high value-added petrochemical products set at 180,000 tons of INA.
The INA is mainly used to produce diisononyl phthalate (DINP) which is a plasticizer. Thanks to its high level of performances, DINP is widely used for the manufacture of automotive parts, electric wires and cables as well as conducting materials. Demand for DINP, and hence also for INA, is expected to grow every year in the foreseeable future.This project is the largest single investment ever held by Japanese and Taiwanese companies in the petrochemical area in Taiwan.
As part of this project, Axens will provide a whole chain of technologies including MTBE and
Dimersol-XTM technologies to ensure octenes production utilized for the synthesis of the INA via hydroformylation.
We are extremely pleased to help TJOCI in this venture. Axens’ ability to propose a complete and well proven solution for octenes production has been critical in this project. This will continue to strengthen our relationship with both CPC and KH Neochem. We think that the business of production of phthalates with longer carbon chain such as DINP will continue to grow in the near future and Axens’ technologies in this field are a very good fit.
The Taiwan-Japan Oxo Chemical Industries Inc (TJOC)
TJOC is a Joint Venture (JV) created on February 11th 2015 between CPC Corporation, Taiwan and KH Neochem Co., Ltd for a project to produce and sell Iso-nonyl Alcohol (INA, an oxo alcohol) in Taiwan. This is the largest joint investment venture ever held by Japanese and Taiwanese companies for a petrochemical project in Taiwan.
Axens, www.axens.net, an IFP Group affiliate, is an international provider of advanced technologies, catalysts, adsorbents and services, with a global reputation for basic engineering design excellence. The main scope of Axens' business is focused on the conversion of oil, coal, natural gas and biomass to clean fuels as well as production and purification of major petrochemical intermediates. Axens’ global offer is based on: highly trained human resources, modern production facilities and extensive commercial feedback from plants using our processes and catalysts all around the world.