PITTSBURGH (Dec. 12) — Koppers Holdings Inc. is setting up a joint venture with two Chinese companies to construct a tar distillation facility in Hebei Province to distill various products including carbon pitch, carbon black oils and naphthalene.
Carbon black oils are expected to be sold primarily into the local Chinese rubber market, the company said. The unit will be capable of distilling approximately 300,000 metric tons of tar.
Koppers will own 30 percent in the facility and will partner with Kailuan Clean Coal Co. Ltd. and Tangshan Iron & Steel Group Co. Ltd.