Page 51 - Plastics News October 2016
P. 51
Business NEWS Sojitz inks MoU with NPC
for propylene plant
Ravago acquires Kemiropa
Japan's Sojitz signed a memorandum of
Plastics materials giant Ravago Group recently understating (MoU) with Iran's National
acquired Kemiropa, a distributor of plastics and Petrochemical Company (NPC) to carry out studies
specialty chemicals based in Istanbul, Turkey. Until the over construction of a methanol-to-propylene
acquisition, Kemiropa had been part of the LEL Group, plant in Iran, Petro-Energy Information Network of
an alliance of European chemical distributors whose
members include C. H. Erbslöh, Lavollée SA, Ricardo
Molina S.A.U., Lake Chemicals & Minerals and URAI Spa.
Ravago's strategy has increasingly focused on chemical
distribution since buying out JV partner Barentz to
acquire 100% of Barentz Ravago Chemical Specialist
(BRCS).
This move resulted in the formation of Ravago Chemicals Iran (SHANA) reported. Managing Director of the
in 2014. Besides Kemiropa, Ravago Chemicals has now NPC, Marziyeh Shahdaei, also deputy oil minister
bought three other specialty chemical distributors in petrochemical affairs, said that the project is
in the last 18 months, including Innovia (UK) and TH of crucial importance for Iran given the vast gas
Hilson (USA) and they became the full owner of leading reserves it is sitting atop. Held at the locality of
Spanish chemicals distributor Campi y Jové in May this the NPC in Tehran, the signing ceremony of the
year. Plastics products distributed by Kemiropa include MoU was attended by Managing Director of the NPC
masterbatch concentrates, compounds based on PVC and Marziyeh Shahdaei and Masaru Sato, Sojitz's senior
engineering resins and recycled resins. representative.
The firm was founded in 1987 and has been owned since Speaking during the ceremony, Marziyeh Shahdaei,
2008 by European distributor LEL Group. No purchase who is also deputy petroleum minister in
price was disclosed. The addition of Kemiropa brings petrochemical affairs, said the project is of crucial
Ravago’s deal total for 2016 up to five. Recently, importance for Iran given the vast gas reserves it
Arendonk, Belgium-based Ravago confirmed its is sitting atop. Sojitz has been active in Iran over
purchase of polypropylene compounder International 50 years and is the first foreign company active in
Polymers Corp. of Allentown, Pa. Ravago employs Iran's petrochemical sector, said Sato during the
5,000 worldwide, distributing almost 9 billion pounds meeting. Sojitz Corporation is a general trading
of resins and compounds to 40,000 customers. The company based in Tokyo, Japan. Sojitz is involved in
firm also operates 30 manufacturing sites for recycling investments in various sectors and conducts financing
and compounding, as well as production of expanded activities.
polystyrene resin and finished products for the building
and construction market. The broad range of sectors in which Sojitz operates
includes automobiles, energy, mineral resources,
chemicals, foodstuff resources, agricultural and
forestry resources, consumer goods, and industrial
parks.
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