AkzoNobel Plans To Double Capacity At Chinese Organic Peroxide Facility
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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