The Woodlands, Texas - Getting approval for doubling capacity at its MDI (methylene diphenyl diisocyanate) site in China is proving a protracted process for Huntsman Corp. Peter Huntsman, chief executive officer expressed his frustration at the slow pace of thepermitting process in a 4 Aug conference call to discuss the group's second quarter results.
Huntsman said he believed that other companies may begoing through the same slow process -- "a permitting process that has been at a snail's pace," he said, adding "I don't believe that our permitting process is any different from anybody else's."
"We are still working at over a year, just to get the environmental permitting," the Huntsman ceo emphasised.
At Caojing, on the outskirts of Shanghai Huntsman has a 240 kilotonnes per annum MDI plant, set up as a joint venture with Shanghai Chemical Chlor-Alkali Chemical Co. Ltd. The company said in March 2009 that it was starting work on the environmental assessements to set up a second MDI unit identical to the original one.
"This is just my personal opinion, I believe that a lot of theseannounced expansions in Asia, particularly in China, are going to becoming on substantially later than what some in the market have beenpublishing and had been speculating," Peter Huntsman said during the call.