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Global intermediates leader signs first PTMEG licensing project
03
Mar '08
INVISTA, a world leader in fibers, intermediates and polymers, has signed a technology licensing agreement with Sichuan Tianhua Fubang Chemical Co Ltd to license its BDO and PTMEG manufacturing technologies to the Chinese company.

Sichuan Tianhua Fubang intends to invest RMB2.4 billion in building manufacturing plants to produce these two products in Hejiang County of Luzhou City, Sichuan Province.

Mr. Richard Dobzelecki, Asia Pacific vice president for Intermediates at INVISTA, and Mr. Yang Dong, chairman of Sichuan Tianhua Fubang Chemical Co Ltd, were present at the signing ceremony which was held in Chengdu on January 28, 2008, along with senior representatives from both companies and senior government leaders from Sichuan Province, Luzhou City and Hejiang County.

“We are excited about this project. Tianhua Fubang was our first BDO licensee, and has now become our first PTMEG licensee.

We have found Tianhua Fubang to be a company of the highest integrity with a strong technical background, an excellent operational capability, and a commitment to their customers.” said Mr. Dobzelecki.

“As a global leader in intermediates with leading technology INVISTA is proud to be working with major local players such as Tianhua Fubang to help grow the high performance elastomer industry.”

The licensing agreement covers the manufacturing processes, required technologies, product formulations as well as expert engineering services for the two plants with annual capacity of 60,000 tons of BDO and 46,000 tons of PTMEG respectively.

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