29 October 2013 19:24 [Source: ICIS news]
HOUSTON (ICIS)--Huntsman is making what it calls meaningful progress on the methyl di-p-phenylene isocyanate (MDI) plant that it plans to build in China, the company's CEO said on Tuesday.
Back in 2011, the company had discussed plans to build a 240,000 tonne/year MDI plant in Caojing. Such a site would be ideal since it would be close to customers, the company has said.
Huntsman could start up the facility some time in 2017, said CEO Peter Huntsman, who made his comments during an earnings conference call.
However, Huntsman said it would be premature to make any announcements. "I don't want to get ahead of Chinese authorities," he said. "I have all the respect for the process."
Nonetheless, Huntsman said the company continues to make meaningful progress in the approval process for the plant.
In March, Huntsman had said that the company could begin searching for an alternative site in the US if the permits were not forthcoming.
Neither Huntsman nor any other company executive made any comments regarding an alternative site for the MDI plant during the conference call.
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