29 March 2011 00:56 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS)--The move to new energy efficient houses is good news for chemicals manufacturers, the chief executive of Huntsman said on Monday.
Speaking on the sidelines of the 36th annual International Petrochemical Conference (IPC), Peter Huntsman said that with energy prices not coming down for the foreseeable future, there will be continued high demand for insulation products.
“Just in the US housing market over the last two years we have seen polyurethane [PU] … more than double on a per home basis - that means more homes are using polyurethane insulation and MDI [methyl di-p-phenylene isocyanate] is replacing products like formaldehyde.”
Sponsored by the National Petrochemical & Refiners Association (NPRA), the IPC runs through Tuesday.
Paul Hodges studies key influencers shaping the chemical industry in Chemicals and the Economy
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