Asahi Kasei Announces Commercial Start-up of Propane-process Acrylonitrile Line.Tokyo, Japan, Feb 2, 2007 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - Asahi Kasei Corporation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :3407) has announced that Asahi Kasei Chemicals Corp. (AKC AKC - Ascending Kleene Chain ), a full subsidiary, has begun commercial operation of the world's first propane propane, CH3CH2CH3, colorless, gaseous alkane. It is readily liquefied by compression and cooling. It melts at −189.9°C; and boils at −42.2°C;. process for acrylonitrile acrylonitrile /ac·ry·lo·ni·trile/ (ak?ri-lo-ni´tril) a colorless halogenated hydrocarbon used in the making of plastics and as a pesticide; its vapors are irritant to the respiratory tract and eyes, may cause systemic poisoning, and are (AN) production, with the start-up and validation of a propane-process line at the Ulsan Plant of its Korean subsidiary Tongsuh Petrochemical petrochemical, any one of a large group of chemicals derived from a component of petroleum or natural gas. The cracking processes for manufacturing gasoline produce vast quantities of gaseous hydrocarbons. Corp. An existing 70,000 ton/year AN line was modified to use the propane process. Production began on January 20. As a key element of its Growth Action - 2010 mid-range corporate initiative, the Asahi Kasei Group has marked its AN business for strategic global expansion, especially in rapidly growing Asian markets. In an environment of continuously high prices for petroleum and its derivatives, the propane process for AN is a significant breakthrough in that it enables the use of gas-derived feed, thereby reducing dependence on feedstocks whose prices are linked to the oil price. Commercial validation of the propane process will serve to strengthen the operational base, providing a new option for competitive AN production, and is an important milestone in the advancement of a plan by AKC to build a large-scale propane-process AN plant in Thailand, in a joint venture with PTT (1) (Postal, Telegraph & Telephone) The governmental agency responsible for combined postal, telegraph and telephone services in many European countries. (2) See push-to-talk. PTT - Post, Telephone and Telegraph administration Plc. About Tongsuh Petrochemical
President: Lee Kyun Chul
Establishment: 1969
Paid-in capital: 50.6 billion won
Shareholding: 100% by Asahi Kasei Corp.
Net sales: 357.8 billion won (2005)
Head office: 154 Bugok-dong, Nam-gu, Ulsan, Korea
Main products: AN, acrylamide, sodium cyanide,
ethylenediaminetetraacetic acid (EDTA)
AN production lines: 70,000 ton/year line converted to propane process
230,000 ton/year line
About Asahi Kasei Corp. Asahi Kasei provides innovative solutions based in chemistry and materials science materials science Study of the properties of solid materials and how those properties are determined by the material's composition and structure, both macroscopic and microscopic. to a diverse range of markets including fibers, chemicals, consumer products, housing, construction, electronics, and health care. With consolidated sales of some US$10 billion, it is a Fortune Global 500 enterprise with twenty-five thousand employees and one hundred consolidated subsidiaries. The operating configuration comprises seven core operating companies operating company A business that engages in transactions with outsiders. as autonomous business units specialized in separate business fields. Asahi Kasei Corporation, as the parent company, functions as a holding company for group operations. An Independent Businesses Group provides group services. For more information, please visit www.asahi-kasei.co.jp. Source: Asahi Kasei Corp. Contact: Asahi Kasei Chemicals Corporation Intermediate Products Division 1 Phone: +81-3-3507-2280 Fax: +81-3-3507-2417 Asahi Kasei Corporation Corporate Communications Phone: +81-3-3507-2060 Fax: +81-3-3507-2495 Copyright [c] 2007 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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