Koppers, Nippon Steel sign MoU for carbon black plant in China

ERJ staff report (DS)

Pittsburgh, Pennsylvania - 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./p>

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. It is envisioned that the carbon black and needle coke facilities will 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. Plant construction is expected to commence in 2012 with completion targeted for early 2014.

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Press release from Koppers