Haldor Topsoe and Shaanxi Yanchang Petroleum (Group) Co. Ltd (Yanchang) have announced that they have formed a joint venture with the aim of delivering locally produced MK-151+ methanol synthesis catalysts to the Chinese market.
The joint venture will secure fast delivery to local customers, who demand high-performance catalysts for energy-efficient methanol production.
Together, the two companies will build a production facility in Shaanxi Fupin in China to produce methanol synthesis catalysts.
Topsoe and Yanchang 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 Topsoe.
Forming of the joint venture and building of the catalysts facility will be the first step of a long-term strategic cooperation between Topsoe and Yanchang.
Kaijia Yu from Topsoe has been appointed General Manager of the joint venture.
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