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 ?xml:namespace>
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
“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.
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