Denmark-based chemicals firm to enter Tianjin technology zone

Haldor Topsoe A/S, a Denmark-based manufacturer of catalytic products, on Friday signed an agreement valued at 900 million krone ($163 million) with the Tianjin Economic Technological Development Area to build a plant in the area.

The contract was signed during the visit of Queen Margrethe II of Denmark this week. The visit includes the largest-ever Danish business delegation, composed of 161 companies.

Catalytic products are used in a wide range of industries such as energy, steel, vehicles and chemical production. With China giving more emphasis to environmental issues, demand for catalysts that make industrial processes "cleaner" is set to expand.