Joint Venture with Thailand's NFC Public Company Limited for Sulfuric Acid Tank Terminal Business
United States, May 6 -- Sumitomo Corporation has established a joint venture with Thailand's tank terminal operator NFC Public Company Limited ("NFC") to operate a sulfuric acid tank terminal business. By acquiring a strategically located terminal and leveraging its expertise in sulfuric acid terminal operations, Sumitomo Corporation aims to enhance operational safety and logistics service reliability, while creating a hub for an expanded business footprint across neighboring Asian countries.Sulfuric Acid Market in AsiaSulfuric acid is one of the most widely used basic chemical products globally, with applications in agriculture, industry, mining and textiles. It is primarily produced through sulfur burning and as a byproduct of nonferrous ...
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