China's approval on Huntsman-BASF MDI project may come by year's end

13 June 2013 22:35  [Source: ICIS news]

HOUSTON (ICIS)--An announcement of progress on a long-planned Huntsman-BASF joint venture methyl di-p-phenylene (MDI) expansion project near Shanghai, China, could come by the end of the year, an executive with Huntsman said on Thursday.

In 2011, US-based Huntsman and Germany-based BASF announced plans to build a 240,000 tonne/year expansion to Huntsman’s current 240,000 tonne/year MDI plant in Caojing, but the project has been awaiting approval from Chinese authorities.

But progress could be forthcoming, said J Kimo Esplin, Huntsman’s chief financial officer and executive vice president. He made his comments at Deutsche Bank’s Global Industrials and Basic Materials Conference in New York City.

“I don't know that it's in the next couple of months, but I think, certainly, by the end of this year, you will see an announcement that we're moving forward on that, I would hope,” Esplin said.

Huntsman has said that the project would take about three years to complete from the time of approval.

MDI is a core component used in the production of polyurethane (PU) products.

PU is used extensively for cooling as well as heat insulation applications. PU can be used for keeping food and medications cold during production, distribution and storage.


By: Jeremy Pafford
+1 713 525 2653



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index