Huntsman considering three locations for new Ti02 project
16 October 2001 02:54 [Source: ICIS news]
SINGAPORE (CNI)--Huntsman Corp's Tioxide division is pondering where to locate its next 50 000 tonne/year titanium dioxide (TiO2) project, with a company spokesman telling CNI on Tuesday that sites in the US, the UK or China are being considered. Huntsman plans to complete the project by 2006, before its new plant in China is brought onstream.
The spokesman said that Huntsman is now examining various options. These include locating the new plant at Lake Charles in the USA where it has a 50% joint venture with Kronos. Another alternative is Greatham in the UK where Huntsman is currently building a 50 000 tonne/year Ti02 plant using its ICON technology which is due to start up in mid-2002. This investment will take Huntsman Tioxide's capacity at Greatham to 100 000 tonne/year.
The spokesman said factors such as market growth, market position, construction and operating costs would influence the final decision on the location of its next investment.
The spokesman said no matter which country was chosen, Huntsman was not going back on an announcement it made in August for a 100 000 tonne/year project in China. In the first phase a 50 000 tonne/year plant is scheduled to be operational in 2006. No dates have been set for the completion of the second phase. The company is still in the process of selecting a site in China.
Huntsman was previously considering Singapore, Thailand and Malaysia as possible locations for this investment, but later settled on China, saying the Chinese market has the strongest growth potential.
By: Staff Reporter
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