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Mitsui Chemicals to License Technology for Sabic TDI-MDI Project

6:55 AM MST | February 28, 2012 | Ian Young

Mitsui Chemicals has agreed to license its toluene diisocyanate (TDI) and methylene di-para-phenylene isocyanate (MDI) technology to Sabic for a previously announced project in Saudi Arabia. The agreement also provides for joint technology development by the companies in TDI and MDI. The deal is a major step in Sabic's strategy to enter and become a leading player in the polyurethane (PU) intermediates business. "The agreement will spur our strategic business plan to penetrate the global PU market," Sabic vice chairman and CEO Mohamed Al Mady says...

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