Celanese Chemicals Europe GmbH (Frankfurt, Germany) and Hatco Corporation (Fords, New Jersey, USA) have signed an agreement to establish a joint venture for the production and sale of neo polyol esters (NPEs). The partners will establish commercial activities and construct a production plant in Oberhausen, Germany. NPEs are used as base stocks for synthetic lubricants in refrigeration, automotive, aviation and industrial applications, as well as in hydraulic fluids. Celanese will provide the joint venture with its most important raw materials, carboxylic acids and polyols. Most of the plant’s output is expected to be supplied to customers in Western Europe, Africa and the Middle-East. Initially, the plant will have a production capacity of around 7000 metric tons per year, and will be designed for expansion to meet market growth.
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