Honeywell, Sinochem joint venture foam blowing agent in China

Honeywell, Sinochem joint venture for foam blowing agent in China

4:14 AM, 12th October 2011
Honeywell, Sinochem joint venture for foam blowing agent in China
Andreas Kramvis, President and CEO, Specialty Materials, Honeywell.

 

MORRIS TOWNSHIP, US/SHANGHAI, CHINA: Honeywell and Sinochem Group have agreed to form a 50/50 joint venture to produce and sell blowing agents for energy efficient foam insulation in China to meet growing demand in the Asia region for energy efficient and environmentally friendlier materials. The formation of the joint venture is subject to Chinese government approval.

The joint venture, to be located in Taicang, Jiangsu Province, will produce HFC-245fa, a non-ozone-depleting rigid foam blowing agent used in insulation for appliances, construction, transportation and other applications where maximum energy efficiency is required.

The venture is expected to begin production in late 2013. Honeywell’s newly launched next generation HFO lower-global-warming-potential blowing agent – Solstice Liquid Blowing Agent - may also be produced by the joint venture.

“This joint venture with Sinochem, will help meet growing demand for this material as Asian customers rapidly adopt more energy efficient and environmentally compliant materials,” said Andreas Kramvis, President and CEO, Specialty Materials, Honeywell.

“The joint venture enhances our product portfolios and service capabilities in energy efficient and environmentally friendly materials, which aligns with both companies’ business development strategies and reinforces the foundation for cooperation in depth. The joint venture depicts an exciting prospect,” said Yinping Wang, VP, Sinochem Group.

China and other Asian nations are rapidly adopting hydrofluorocarbon (HFC) materials, to comply with the Montreal Protocol on substances that deplete the ozone layer.

(C) WOC News

 

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