Haldor Topsoe and Yanchang form JV and build methanol catalyst facility in China
Denmark-headed Haldor Topsoe A/S, a global leader in high-performance catalysts and proprietary technologies for the chemical and refining industries has announced that it and Shaanxi Yanchang Petroleum (Group) Co., Ltd. (Yanchang) have formed a joint venture. Together, the two companies will build a production facility in Shaanxi Fupin in China to produce methanol synthesis catalysts with the aim of delivering locally produced MK-151+ methanol synthesis catalysts to the Chinese market.
Shaanxi Yangchang Petroleum (Group) Co., Ltd. (Yanchang), is an energy and chemical major in China. The business scope of Yanchang covers oil and gas exploration, processing, storage, transportation, sales; petroleum refining; coal and petroleum integrated processing; design, engineering, and construction; technological R & D, pilot, and demonstration; and novel energy.
According to a statement, the companies have designed the plant and ordered long lead time equipment and therefore plan on starting up at the beginning of 2022. The joint venture will produce methanol synthesis catalysts for the Chinese market.
Yanchang is well-positioned in the oil and gas value chain and a very experienced methanol producer. With this joint venture, we combine Topsoe’s world-leading methanol catalyst technology and Yanchang’s outstanding production capabilities to produce our high-performance methanol synthesis catalysts that Topsoe will sell directly to our Chinese customers, enhancing our presence in the Chinese market, said Amy Hebert, Chief Commercial Officer at Haldor Topsoe.
The forming of the joint venture and building of the catalysts facility will be the first step of long-term strategic cooperation between Topsoe and Yanchang. Kaijia Yu from Haldor Topsoe has been appointed General Manager of the yet-to-be-named joint venture.