11 June 2004 18:25 [Source: ICIS news]
LONDON (CNI)--Germany's Bayer MaterialScience announced on Friday it has completed a license agreement that allows compatriot chemicals company BASF to produce polyether polyols using Bayer’s Impact technology.
Financial terms were not disclosed.
The agreement includes a continuous process to produce long chain polyether polyols, which are used as the base products for flexible polyurethane (PU) slabstock foams. BASF will use the technology to expand its product portfolio. It plans to convert existing production plants to the Bayer technology.
The licence agreement has been extended for 10 years.
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