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Chemical

Dow, Befar Group Plan Perchloroethylene JV in China

March 29, 2011
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Reuters reports, Dow Chemical and Befar Group Co Ltd of China intend to form an equal joint venture to produce perchloroethylene, a key raw material used in non-ozone depleting refrigerants. Under the memorandum of understanding (MOU), the two firms will explore the development of a new manufacturing plant with an initial target capacity of 40 kilotons a year, and with the ability to double production soon thereafter. The Binzhou, Shandong Province-based plant will likely start production in 2014. Dow and Befar, a chemical raw materials producer, said the limited local supply of perchloroethylene has not been able to meet the rising demand, thus, presenting a "significant market opportunity."
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