Huntsman and Wanhua sign po/mtbe production license agreement
chemical manufacturer Huntsman recently announced that it has signed a po/mtbe (propylene oxide/methyl tert butyl ether) production license agreement with Yantai Wanhua Polyurethane Co., Ltd., a leading polyurethane manufacturer in Asia. The specific financial terms have not been disclosed
according to the agreement, Yantai Wanhua will use the license to build a world-scale po/mtbe factory in Shandong Yantai production base, which is expected to start construction later this year and put into production by the end of 2013
Huntsman polyurethane company has world-scale production facilities in the United States, the Netherlands and China, including a 240000 ton/750000 ton po/mtbe plant in portneches, Texas. Whether the hydraulic oil used in all material testing machines is suitable for the company is an important factor to consider. The world's leading Po manufacturer combines the transformation and development of our city and the extended production technology of the industrial chain
regarding the agreement, ntsman, President and CEO of Huntsman, said: "Huntsman is very happy to negotiate and cooperate with Yantai Wanhua, one of the best manufacturers in China. We hope that the cooperation can be extended to the business field of about 1000 scientific researchers in the other three places, bringing more long-term benefits to both sides. We will work with Wanhua to build this po/mtbe plant."
"this cooperation brings win-win results to both sides. As a leading Po technology holder, Huntsman is undoubtedly the appropriate partner for us to protect the standardized, orderly and healthy development of the industry, which will help us become a first-class green chemical manufacturer. China's chemical market has great potential, and the acquisition of po/mtbe license will promote our real success in the field of integrated chemicals." Ding Jiansheng, chairman of Yantai Wanhua Polyurethane Co., Ltd., said at the same time
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