A joint-venture between Wilmar International and South Africa's Sasol has been forged and in talks with Chinese oleochemicals producer Liaoyang Hua Xing for building a fatty alcohols chemical plant in China.
The collaboration will see Liaoyang, a manufacturer of fatty alcohols to have 40% share in the joint JV and Wilmar and Sasol will jointly hold a 60% stake. Plant capacity is still confidential at the moment.
Wilmar which is the world’s largest palm oil trader, with HQ in Singapore has also acquired Malaysian Kuok group’s palm plantation and edible oils business. Fatty alcohol is an ingredient commonly used in soaps, detergents and other consumer and personal care products such as cosmetics.
The collaboration will see Liaoyang, a manufacturer of fatty alcohols to have 40% share in the joint JV and Wilmar and Sasol will jointly hold a 60% stake. Plant capacity is still confidential at the moment.
Wilmar which is the world’s largest palm oil trader, with HQ in Singapore has also acquired Malaysian Kuok group’s palm plantation and edible oils business. Fatty alcohol is an ingredient commonly used in soaps, detergents and other consumer and personal care products such as cosmetics.
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