Koppers Holdings Inc announced that it has entered into a JV agreement with two Chinese companies to construct a state of the art tar distillation facility in the Hebei Province near the Jingtang Port.

The plant will be capable of distilling approximately 300,000 metric tons of tar into various products including carbon pitch, carbon black oils and naphthalene.

Koppers will own a 30% interest in the facility and will partner with Kailuan Clean Coal Company Ltd and Tangshan Iron & Steel Group Company Limited.