Successful start-up of integrated isocyanates complex at Shanghai Chemical Industry Park for Huntsman and partners
Huntsman, BASF and Chinese partners - Shanghai Hua Yi (Group Company), Sinopec Shanghai Gao Qiao Petrochemical Corporation and Shanghai Chlor-Alkali Chemical Co. Ltd. - held an opening ceremony at the Shanghai Chemical Industry Park, China, to celebrate the start-up of their integrated isocyanates complex. The project, which was completed on schedule, involved a total capital expenditure of $1 billion.
The complex has a capacity of 240,000 metric tons per year of crude MDI (diphenylmethane diisocyanate), the primary precursor for polyurethanes products, and will serve the rapidly growing market for polyurethanes in China. Industry economists expect the Chinese polyurethanes market to grow at about 10 percent per year through 2015, making China the world's largest market for polyurethanes products.
The partners shared the common goal of building and operating a world-scale project according to the highest environment, health and safety (EHS) standards. The project involved 28 million working hours since groundbreaking in spring 2004.
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