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Stock Market & Financial Investment News

News Breaks
July 1, 2014
05:42 EDTHUN, BASFYHuntsman, BASF, others plan new MDI plant in Shanghai
Huntsman (HUN), BASF (BASFY), Shanghai Hua Yi, Shanghai Chlor-Alkali Chemical, and SINOPEC Group Assets Management Corporation plan to build a new plant to produce 240,000 metric tons of crude MDI per year at Shanghai Lianheng Isocyanate in Caojing, China. With the new plant, the crude MDI capacity at this site will be doubled to 480,000 metric tons per year. In addition, the partners plan to build an HCl recycling plant for the production of chlorine, a precursor for MDI. The facility is expected to start up 2017.
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