Chemicals Division News & Topics
Strategic Partnership Agreement with Major Chinese Chemical Company
Signing ceremony with Tianjin Bohai Chemical Industry Group Co.
Marubeni concluded a comprehensive strategic partnership agreement with Tianjin Bohai Chemical Industry Group Co. Under the agreement, Marubeni will be a priority participant in Tianjin Bohai’s businesses. Our cooperative business activity is the first propane-based propylene production project in China. We will promote wideranging initiatives going forward.
Operating Company Established for Manufacture of Synthetic Rubber Through a Joint Venture in India
Ground breaking ceremony of Indian Synthetic Rubber Ltd. (Photo courtesy of The Chemical Daily)
Marubeni joined forces with India's state-run petroleum company Indian Oil and TSRC of Taiwan in a joint venture that established an operating company that will produce 120,000 tons of styrene-butadiene rubber, a type of synthetic rubber, per year. As the country’s first specialist in the manufacture and sale of synthetic rubber raw materials for tires, the venture will spur growth in India's automobile industry.
Rapid expansion in China LCD market
LCD panel manufacturing equipment
In China, to correspond to the rapid expansion of Flat Panel TV demand, the construction of advanced generation LCD panel factory is planned in succession. Leveraging relationships with customers and know-how cultivated by supply of materials related to display devices, Marubeni has continually acquired orders of Array Exposure, the core equipment in LCD panel production.
Agreement on Joint Venture for Manufacture of High-Purity Lithium Carbonate
High purity lithium carbonate
To prepare for rising demand for the lithium-ion batteries (LIB) accompanying the spread of electric vehicles, Marubeni decided to launch a business specializing in the manufacture of high-purity lithium carbonate, a key electrolytic raw material for LIB production, as a joint venture with The Honjo Chemical Corporation, a major Japanese manufacturer.
