PITTSBURGH (Feb. 17, 2012)—Koppers Inc. is planning an integrated unit in China to make carbon black and related products.
Koppers, a wholly owned subsidiary of Pittsburgh-based Koppers Holdings Inc., has signed a memorandum of understanding with Nippon Steel Chemical, Sojitz JECT, Pizhou City People's Government and Yizhou Group to develop and construct a fully integrated coal tar based carbon products complex in Pizhou City, Jiangsu Province, China.
The facilities are expected to be comprised of three plants, including a 250,000 metric ton coal tar distillation plant and two downstream plants producing needle coke and carbon black.
The carbon black and needle coke facilities are expected to be wholly-owned subsidiaries of Nippon Steel Chemical and the coal tar distillation facility will be owned by Koppers and Yizhou Group, with Koppers owning a majority share, the companies said.
Plant construction is expected to start this year with completion targeted for early 2014.