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BDO and PTMEG maker Sanwei to license process technology to Xinjiang Guotai
Shanxi Sanwei Group announced in March 2014 it is to license its Conser PTMEG (polytetramethylene ether glycol) production technology for RMB450mn ($74mn) to Xinjiang Guotai Xinhua Chemical.
The process, which also produces 1,4-butanediol production uses an acetylene-formaldehyde process.
According to Sanwei’s website, it has a complete industrial chain for BDO and its downstream business, including two production lines for PTMEG with a 45kT/year total capacity. After the transaction Xinjiang Guotai will be permitted to set up facilities with a 60kT/year capacity for PTMEG and a 200kT/year capacity for 1,4-butanediol.
Xinjiang Guotai Xinhua Chemical was founded in December 2013 in Changji, Xinjiang autonomous region. Both Xinjiang Guotai and Sanwei are ultimately controlled by the State-owned Assets Supervision and Administration Commission of Shanxi province.
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