08 October 2012 14:45 [Source: ICIS news]
BUDAPEST (ICIS)--Chemtura’s planned multi-purpose plant in Nantong, China, is likely to get bigger as the company develops its markets in the region, a company executive said on Monday.
US-based Chemtura broke ground at the site last spring in China’s Jiangsu province.
The specialty chemicals producer plans to build four production units to support its petroleum additives and urethanes businesses.
The facility is expected to begin production of sulfunate grease products, primarly for the boat and marine market, as early as mid-2013, said Chemtura’s Chet Cross, executive vice president, group president, engineered & performance industrial products.
Over a period of two and a half years from now, finished fluids for refrigerants and prepolymer urethanes production facilities will begin operating at the site, Cross said on the sidelines of the 46th annual European Petrochemical Association (EPCA) meeting.
“It’s a big investment for us,” Cross said, adding “It will probably get bigger. We have enough land we can add other businesses to production there. Our goal is to totally utilise the land we have there.”
Cross said, “If it works out we will export from there but generally want to produce and sell there locally”.
Chemtura makes refrigerants liquids that are compliant with the Montreal Protocol for environmental standards, he said, adding, “As the Montreal Protocol continues to be adopted it will be big business.”
The annual EPCA meeting runs from 6-10 October.
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