Jiangsu Sopo and DuPont Packaging & Industrial Polymers Sign Final Agreements for Vinyl Acetate Monomer Technology
Jiangsu Sopo (Group) Co., Ltd. and DuPont Packaging & Industrial Polymers (DuPont) have signed Definitive Agreements to license DuPont technology for a new 330,000 tons/year vinyl acetate monomer (VAM) manufacturing plant to be located in Zhenjiang, China.
Zhenjiang, Jiangsu China, and Wilmington, DE (Vocus) October 29, 2009
Jiangsu Sopo (Group) Co., Ltd. and DuPont Packaging & Industrial Polymers (DuPont) have signed Definitive Agreements to license DuPont technology for a new 330,000 tons/year vinyl acetate monomer (VAM) manufacturing plant to be located in Zhenjiang, China. DuPont will provide VAM technology under license and technical assistance for this new Sopo VAM facility.
The planned VAM facility will be integrated into other Sopo petrochemical facilities currently located on their Zhenjiang site. The site includes manufacturing of chlorine alkali products and rubber accelerants; a methanol plant and a 1,200,000 ton per year acetic acid plant which will supply the acid feedstock to the VAM project. The VAM plant is scheduled to be operational in 2013.
“DuPont is licensing the commercially demonstrated, world-class technology that we use to produce our VAM product that is sold around the globe,” said Steven Ogle, licensing business director -- DuPont Packaging & Industrial Polymers. “Our state-of-the-art technology and commitment to operational and technology advancements have allowed us to continually increase our production effectiveness.”
“As a China state high-tech enterprise, Sopo is one of the influential acetic acid manufacturing enterprises globally. Sopo possesses a relatively complete chain for the coal industry, with a focus on acetic acid, while integrating upstream and downstream products. The new VAM project will further optimize the corporate structure for the Sopo group. It is a critical step to strengthen our capabilities and enhance the enterprise,” said Qinhua Song, chairman and president -- Sopo. “We’ll be able to establish a more comprehensive industry chain and thereby greatly increase the overall competitiveness of Sopo after the VAM project startup production.”
"We are pleased that Sopo has selected DuPont VAM technology and expertise for their petrochemical plant expansion,” said William J. Harvey, president -- DuPont Packaging & Industrial Polymers. "Licensing our technology to Sopo demonstrates our commitment to using market-driven technology to meet customer needs and enable growth in emerging global markets. Our relationship with Sopo is a model for future growth."
“DuPont, as an esteemed global company, possesses many advanced technologies. Sopo, an important global chemical industry group, selected VAM technology from DuPont to serve the need for the development of our company. The agreement is a win-win solution for both companies,” said Shouyan Shao, vice president -- Sopo. “This project is the first cooperation between Sopo and DuPont and it marks a very good beginning. We look forward to further cooperation with DuPont in other areas.”
Sopo is a chemical industry company. Founded in 1958, Sopo is devoted to the development of the native chemical industry and environmentally friendly chemical industry technologies, and the upgrade of native chemical industry to a higher level, with “pursuit of persistent exploration and share of achievements with the common people” as its everlasting objective. In particular, Sopo makes great achievements in the area of the coal chemical industry focusing on acetic acid.
DuPont is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.
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