Rain Industries Subsidiary To Build Water-White Resins Plant In Germany
Rain Carbon Inc., a step-down wholly owned subsidiary of Rain Industries Limited announces that it will begin construction of a new resin polymerization and hydrogenation plant in mid-July, 2018 at its integrated coal tar and petrochemical site in Castrop-Rauxel, Germany. The plant hydrogenated water-white resins will serve as a cornerstone of Rain Carbon’s new Advanced Materials product segment. Once operational in the third quarter of 2019, the plant will have a resins production capacity of up to 50,000 tons per year.
“In recent years, advances in science and engineering have unleashed the potential of coal and petro tars – two of our core raw materials – and we are rapidly mobilizing to leverage new opportunities to deliver advanced materials designed for lighter, faster and greener 21st-century applications,” said Rain Carbon President Gerard Sweeney.
“Hydrogenation is the next step for hydrocarbon resin producers, to satisfy evolving regulatory requirements and growing demand by consumer-and industrial-goods manufacturers for cleaner and safer raw materials,” Sweeney explained.