Huntsman and Sinopec form JV to build and operate PO/MTBE facility in Nanjing, China

Huntsman Corporation today announced that it has entered into a joint venture agreement with Sinopec Jinling Company, a subsidiary of Sinopec. The joint venture, Nanjing Jinling Huntsman New Materials Co., Ltd. will build and operate a world scale Propylene Oxide (PO) and Methyl Tertiary Butyl Ether (MTBE) facility in Nanjing, China. The facility is expected to be completed by the end of 2014 and it will utilize Huntsman's proprietary PO/MTBE manufacturing technology.

PO is an intermediate compound used to make high value polyurethane materials ranging from energy efficient home insulation and building materials to comfort foams for automobiles and furniture. MTBE is a clean burning fuel additive that improves gasoline engine performance and reduces air pollution.

Huntsman will own 49 percent of the joint venture, and Sinopec will own 51 percent. The facility will produce 550 mm lbs of PO and 1.6 billion lbs of MTBE at a capital cost of approximately $750 million. Other details of the joint venture were not disclosed.

Commenting on the agreement, Peter R. Huntsman, President and CEO said, "This partnership provides a tremendous opportunity for us to further our global expansion and create shareholder value. We are proud to partner with Sinopec, a global leader in energy, refining and chemicals."

Huntsman's Polyurethanes division has world scale production facilities in the U.S., the Netherlands and China, including a PO/ MTBE plant in Port Neches, Texas and is a global leader in PO technology.

Sponsor:

News Category:

Contracts

Other News Items

TotalEnergies to cease operating its oldest steam cracker in Antwerp

TotalEnergies’ Antwerp platform provides an update on its investments for the future and announces plan to reconfigure its petrochemicals operations to strengthen competitiveness. ...

23-04-2025
HOERBIGER to break ground on new Florida Campus in Florida

HOERBIGER Corporation of America will hold a ceremony to commemorate the groundbreaking of its future home, the HOERBIGER Florida Campus, on Wednesday, April 23rd. Construction ...

22-04-2025
Amogy and JGC to accelerate commercialisation of ammonia cracking catalyst

Amogy, a provider of mature, scalable, and efficient ammonia-to-power solutions, today announced the first pilot plant deployment of its advanced ammonia cracking catalyst ...

17-04-2025
Clariant teams up with Technip to introduce new steam-to-oil catalyst

Clariant, a global leader in specialty chemicals, today announced the launch of StyroMax UL-100, its most advanced ethylbenzene dehydrogenation catalyst to date. This ...

09-04-2025
Yokogawa Launches OpreX Plant Stewardship

Yokogawa Electric Corporation announces the launch today of OpreXTM Plant Stewardship, the most comprehensive lifecycle service program in the company’s OpreX Sustainable ...

08-04-2025
IndianOil to build mega petrochemical project in Paradip

In a landmark development, Indian Oil Corporation Ltd. (IndianOil) signed a Memorandum of Understanding (MoU) with the Government of Odisha to set up a world-class Petrochemical ...

08-04-2025
BDI BioEnergy to begin construction of biofuel feedstock refinery plant

BDI-BioEnergy International has signed a contract with Ghent Renewables BV to begin the construction of a pioneering biofuel feedstock refinery plant. This facility will ...

04-04-2025
Lummus Technology completes startup of electric heater demonstration unit

Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the successful startup of its SRT-eTM commercial demonstration ...

03-04-2025
Clariant announces the successful startup of MegaMax™ 900 catalyst

Clariant, a sustainability-focused specialty chemical company, today announced the successful startup of its MegaMax 900 methanol synthesis catalyst at European Energy’s ...

03-04-2025
Burckhardt Compression wins digital monitoring solutions order for petrochemical facility in Saudi Arabia

Burckhardt Compression, a global leader in reciprocating compressor technology, has won a significant order for Digital Monitoring Services in Saudi Arabia. The order ...

03-04-2025