Taminco and Mitsubishi Gas Chemical Co. (MGC) have reached an agreement for Taminco to acquire a 50 percent share of Ling Tian, MGC’s methylamines- and derivatives-producing facility in Nanjing, China. The deal is subject to regulatory approvals and customary closing conditions. “Investing in this joint venture represents a significant step for Taminco in the Asia region,” said Laurent Lenoir, Taminco’s CEO. “This transaction will provide a strong basis for growth within the amine derivatives market, alongside a reliable partner well established in China.” The joint venture will act as a platform for even greater growth for both companies. The partners initially intend to build a new alkyl alkanol amine unit in Nanjing, which will mainly serve the water treatment, personal care, and oil and gas markets in Asia. The unit is expected to be operational by mid-2012.