Chongqing, Sichuan--Hongguo Polymeric Materials Technology signed a contract with Chongqing's Changshou Chemical Industry Park in January 2015 for its 50kT/year HDI (Hexamethylene Diisocyanate) and 20kT/year IPDI (Isophorone Diisocyanate) project, according to a local government website.
The project has RMB400m ($65m) investment earmarked, and Hongguo claims to be China's first and the world's second company to make HDI and IPDI with non-phosgene technology.
Diisocyanates made at the new facilities will be used in high-end coatings, synthetic leather, elastomer, adhesives and propellants. The project can be integrated into the park's industrial layout with existing sulfuric acid and butanol facilities, said the website.
XE Currency Conversion: 17 April, 2015
