By Steve Toloken, Plastics News Staff
Chongqing, China - China's Chongqing Jian-Feng Industrial Group Co. Ltd. plans to invest 2000 million yuan ($292.6 million) in two plants to make intermediates for polyurethanes, polyesters and other polymers, licensing technology from Invista.
The facilities, making 1,4-butanediol (BDO) and polytetramethylene ether glycol (PTMEG), will be in the Chongqing Chemical Industry Park in Chongqing City, with annual capacity of 60 000 tonnes of BDO and 46 000 tonnes of PTMEG.
Invista, based in Wichita, Kansas, said in a 20 Aug statement that the licensing agreement covers required manufacturing processes and technologies, product formulations and engineering services.
BDO is used in polyester resins and polyurethanes, while PTMEG is used in elastomers, polyesters, polyurethanes and fibres such as spandex for apparel, automotive and industrial applications.
Invista said it has licensed technology to more than 40 Chinese chemical and polymer plants since 1990, with those facilities making a total investment of 32 000 million yuan ($4680 million).
Invista also operates several wholly-owned and joint venture resin plants in China, including a facility in Shanghai that opened in late 2008 to make nylon 6/6 yarn for car airbags.