Morris Township, New Jersey - Honeywell and Sinochem Group announced 11 Oct that they will form a 50/50 joint venture to make and sell blowing agents for energy efficient foam insulation in China . The JV will meet growing demand in Asia for more energy efficient and environmentally friendlier materials, said a joint release.
Formation of the venture awaits approval from the Chinese government.
The operation, to be located in Taicang, Jiangsu Province, will produce HFC-245fa (hyrdrofluorocarbon-245fa), a non-ozone-depleting blowing agent for rigid foam used in insulation for appliances, construction, transport and other uses where maximum energy efficiency is required.
The venture is expected to begin production in late 2013.
Honeywell said its newly launched next-generation HFO (hydrofluoroolefin) lower-global-warming-potential blowing agent - Solstice Liquid Blowing Agent -- may also be produced by the joint venture.
"This joint venture with Sinochem, one of the strongest companies in China, will help meet growing demand for this material as Asian customers rapidly adopt more energy efficient and environmentally compliant materials," said Andreas Kramvis, president and ceo of Honeywell Specialty Materials.
"Having Asian supply close to local customers is important to ensure global supply of this material in the future."
Yinping Wang, vice president of Sinochem Group said, "The formation of the joint venture enhances our product portfolios and service capabilities in energy efficient and environmentally friendly materials, which aligns with both companies' business development strategies, and reinforces the foundation for cooperation in depth "
China and other Asian nations are rapidly adopting hydrofluorocarbon (HFC) materials, including blowing agents and refrigerants, to comply with the Montreal Protocol on Substances That Deplete the Ozone Layer.
China's Ministry of Environmental Protection requires phasing out the use of ozone-depleting blowing agent R-141b in small household appliances by 2015. At the 15th United Nations Climate Change Conference Copenhagen 2009, the Chinese government committed to a 40 to 45 percent reduction of carbon dioxide emissions in 2020 compared to the 2005 emissions level.
Based on this, demand for blowing agents and the next generation of lower-global-warming-potential blowing agents in China is expected to grow significantly in coming years.
Honeywell HFC-245fa is a non-ozone-depleting HFC liquid blowing agent that provides the foam's superior insulating properties compared to other forms of insulation. Honeywell HFC-245fa blowing agent is used extensively by appliance manufacturers to insulate refrigeration equipment to meet increasing global energy efficiency requirements. It is also used in construction and transport applications.
The venture will have exclusive rights to sell HFC-245fa in the Asia region. Honeywell, which currently manufactures the blowing agent at its Geismar, Louisiana facility, will continue to sell HFC-245fa in all other areas under its Enovate brand name."