AkzoNobel's Specialty Chemicals business is reportedly working on plans to double production capacity at its organic peroxides facility in Ningbo, China, during the next two years. A project to boost the capacity by 40% is already underway and is expected to be completed by mid-August, according to AkzoNobel. The company is now considering a larger scale expansion which would increase current capacity by 100%. The site produces dicumyl peroxide (DCP), an organic peroxide used as a crosslinking agent in the manufacture of polymers.
DCP is a crosslinking agent used to produce a variety of polymers with exceptional durability, according to AkzoNobel. These polymers can be found in many different products, such as shoe soles, a market which has been growing in developing countries in particular. DCP is also used in polymers for insulating high-voltage cables, which are in growing demand to upgrade electricity networks and connect offshore wind parks and other sources of renewable energy.
Opened in October 2016, the multi-site Ningbo DCP plant reportedly employs approximately 500 people and houses operations for several of AkzoNobel's Specialty Chemicals business units. AkzoNobel is also building a new organic peroxides plant in Tianjin.
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