Arkema and CJ Officially Launch the Start of the Construction of Their Bio-Methionine and Thiochemicals Complex in Malaysia

  Arkema and CJ Officially Launch the Start of the Construction of Their
  Bio-Methionine and Thiochemicals Complex in Malaysia

Business Wire

COLOMBES, France -- October 08, 2012

Regulatory News :

On October 6^th 2012, in the presence of the Prime Minister of Malaysia, CJ
and Arkema (Paris:AKE) invited 500 guests for the Ground Breaking Ceremony of
their project in Kerteh, in the State of Terengganu in Malaysia.

After several years of studies, the construction of the first Bio-Methionine
plant in the world and Thiochemicals Platform in Asia officially started,
right on schedule.

Arkema owns an in-house production process of Methyl Mercaptan, a sulfur-based
intermediate that is used in the production of Methionine. CJ owns a new
innovative and highly competitive industrial bio-fermentation process to
produce L-Methionine, a bio-amino acid for animal feed, from renewable raw
materials. The combination of CJ & Arkema’s expertise will bring both
innovation and a state-of-the-art manufacturing plant offering superior
service and performance to the customers. The plant is scheduled to come on
stream by end 2013.

Total investment amount for the joint project is about $450 million, where CJ
will build and operate Bio-Methionine plant and Arkema will build and operate
Thiochemical plant. Upon completion, Arkema will supply a key raw ingredient
to CJ for the production of Bio-Methionine. When completed, the facility will
be able to produce 80,000 metric tons of Bio-Methionine additives for poultry
and 50,000 metric tons of sulphur derivatives for the petrochemical markets.

This project reaffirms the strategy and commitment of both companies to be a
worldwide leader in their fields of expertise, namely animal feed for CJ and
specialty chemicals for Arkema.

“This significant project will strengthen and consolidate our position as the
world leader in sulphur chemicals and allow our company to meet the growing
needs of our customers & partners from petrochemicals, animal nutrition and
oil & gas markets in Asia,” declared Marc Schuller, Executive Vice President
of Arkema.

“This project will put CJ as the global leader in feed amino acid industry as
it will be the only company in the world to produce four major feed amino acid
products in their natural form. This is only the beginning as CJ leads the way
with further innovation to renew our earth by developing environmentally
beneficial products.,” commented by Chul-Ha Kim, CEO of CJ CheilJedang.

The choice of the site went to Kerteh because of its excellent logistical
infrastructures and the availability of utilities and raw materials at
competitive prices. During this ceremony, CJ and Arkema representatives
officially expressed their gratitude to the Malaysian Administration for their
support in this project.

A global chemical company and France’s leading chemicals producer, Arkema is
building the future of the chemical industry every day. Deploying a
responsible, innovation-based approach, we produce state-of-the-art specialty
chemicals that provide customers with practical solutions to such challenges
as climate change, access to drinking water, the future of energy, fossil fuel
preservation and the need for lighter materials. With operations in more than
40 countries, some 14,000 employees and 10 research centers, Arkema should
generate annual revenue of approximately €6.5 billion, and holds leadership
positions in all its markets with a portfolio of internationally recognized
brands.

A global food, feed, and bioscience company, CJ CheilJedang is the leading
global industrial biotech company that makes products that enhance health and
lifestyle of people’s daily life. CJ is world’s leading producer in major feed
amino acids, such as Lysine, Threonine, Tryptophan to help improve animal
nutritional diet. Also, CJ is the global No.1 producer of nucleic acids used
as flavour enhancers. By year 2014, CJ will have manufacturing platforms in
four global geographical regions and will operate in 6 continents around the
world. As a socially responsible company, CJ strives toward practicing
reducing carbon footprint by utilizing renewable raw materials, by developing
energy efficient processes, and by minimizing waste into the environment.

Contact:

Investor Relations:
Sophie Fouillat
Tel: +33 1 49 00 86 37
E-mail: sophie.fouillat@arkema.com
or
Jérôme Raphanaud
Tel: +33 1 49 00 72 07
E-mail: jerome.raphanaud@arkema.com
or
Press Relations:
Sybille Chaix
Tel: +33 1 49 00 70 30
E-mail: sybille.chaix@arkema.com
 
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