05 December 2012 15:00 [Source: ICIS news]
HOUSTON (ICIS)--PPG Industries has agreed a licensing deal that gives China’s Henan Billions Chemicals the worldwide right to use PPG’s technology for the manufacture of chloride-grade titanium dioxide (TiO2), the US chemicals, coatings and materials firm said on Wednesday.
The agreement follows a memorandum of understanding the firms signed in June. Financial terms were not disclosed.
“We are pleased to reach this worldwide technology license agreement with Henan Billions, as it should expand the global supply of chloride-grade TiO2, as well as provide a commercial opportunity for PPG technology,” said Charles Kahle, PPG’s chief technology officer.
Henan Billions is currently a supplier of sulphate-grade TiO2 to PPG.
PPG used to produce TiO2 using the chloride process at a plant in Natrium, West Virginia.
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