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Markets :: Basic Chemicals :: Petrochemicals :: Propylene

Huntsman Signs PO-MTBE License Agreement

11:32 AM MDT | May 31, 2011 | —DEEPTI RAMESH

Huntsman Corp. has signed a license agreement with Yantai Wanhua Polyurethanes (Yantai, China), for the production of propylene oxide (PO) and methyl tert -butyl ether (MTBE). Financial details were not disclosed. Yantai Wanhua is an affiliate of Wanhua Industrial Group (Yantai), which acquired BorsodChem (Kazincbarcika, Hungary) earlier this year. The company plans to leverage the license to build a world-scale PO-MTBE plant at Yantai. Construction is expected to begin later this year and production by the end of 2013. Yantai Wanhua has three methylene di- para...

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