- Chemtrade (CHE.UN) and Kanto Group have formed a joint venture (JV) for the construction of a sulphuric acid plant
- Kanto Group is a global leader in high-purity chemicals for electronic manufacturing
- The Arizona-based plant, to be completed in 2024, will be designed to produce approximately 100,000 MT of electronic-grade acid per year
- Chemtrade provides industrial chemicals and services to customers in North America and around the world
- Chemtrade Logistics Income Fund (CHE.UN) closed up by 2.59 per cent trading at $7.91 per share
Chemtrade (CHE.UN) and Kanto Group have formed a JV for the construction of a sulphuric acid plant.
Kanto Group is a global leader in high-purity chemicals for electronic manufacturing.
The joint venture, KPCT Advanced Chemicals, will build the plant in Casa Grande, Arizona, with an expected start-up in 2024.
The high-purity production process will rely on Kanto technology currently supplying leading Asian semiconductor producers.
Total annual capacity will be approximately 100,000 MT of electronic-grade acid.
Detailed engineering plans and cost estimates are slated for Q4 2022 with preliminary total costs estimated between US$175M and US$250M.
Kanto Group and Chemtrade will respectively own 51 per cent and 49 per cent of the joint venture.
“For years, Chemtrade has been the primary manufacturer of ultrapure sulphuric acid in the North American market,” stated Scott Rook, President and CEO of Chemtrade. “This joint venture allows us to expand our North American position and meet the growing needs of the semiconductor manufacturers.”
Chemtrade provides industrial chemicals and services to customers in North America and around the world.
Chemtrade Logistics Income FundĀ (CHE.UN) closed up by 2.59 per cent trading at $7.91 per share.
