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Huntsman Signs PO-MTBE License Agreement with Chinese Company

6:48 AM MDT | May 25, 2011 | Deepti Ramesh

Huntsman Corp. says it has signed a license agreement with chemicals manufacturer Yantai Wanhua Polyurethanes (Yantai, China), for the production of propylene oxide (PO) and methyl tert-butyl ether (MTBE). Financial details of the deal were not disclosed. Yantai Wanhua is an affiliate of Wanhua Industrial Group (Yantai), which acquired BorsodChem (Kazincbarcika, Hungary) earlier this year. Yantai Wanhua, a leading polyurethanes producer in Asia, plans to leverage the license to build a world-scale PO-MTBE plant at its manufacturing site at Yantai. Construction is...

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