BASF, Huntsman, Shanghai Hua Yi, Shanghai Chlor-Alkali, Sinopec form JV in China

BASF, Huntsman, Shanghai Hua Yi, Shanghai Chlor-Alkali, Sinopec form JV in China

11:04 AM, 1st July 2014
BASF, Huntsman, Shanghai Hua Yi, Shanghai Chlor-Alkali, Sinopec form JV in China

SHANGHAI, CHINA: BASF, Huntsman, Shanghai Hua Yi (Group) Company, Shanghai Chlor-Alkali Chemical Co Ltd and Sinopec Group Assets Management Corporation started the construction of a new plant with a production capacity of 240,000 metric tonne of crude diphenyl methane diisocyanate (MDI) per year, at Shanghai Lianheng Isocyanate Co Ltd (SLIC) in Caojing, China. With the new plant, the MDI capacity at this site will be doubled to 480,000 metric tonne per year. In addition, the partners plan to build a hydrogen chloride (HCl) recycling plant for the production of chlorine, a precursor for MDI. The facility is expected to start up 2017. The project is subject to further approval of the Chinese Ministry of Commerce.

“Asia Pacific remains an important growth and investment region for BASF, with the fast growing Chinese market being a major focus. Polyurethanes are among the most versatile materials existing to address sustainability issues across numerous applications such as the automotive or construction industries. With the new plant, BASF can participate in this dynamic market,” said Martin Brudermuller, Vice Chairman, of the Board of Executive Directors, responsible for Asia Pacific, BASF.

 

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