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INVISTA & Jian-Feng sign BDO, PTMEG license deal
28 Aug '09
2 min read
INVISTA, a world leader in chemical intermediates, polymers and fibers, signed a technology licensing agreement with Chongqing Jian-Feng Industrial Group Co., Ltd. to license its BDO and PTMEG manufacturing technologies to the Chinese company.
Jian-Feng is investing RMB 2 billion (approximately $300 million US) in building a manufacturing complex to produce these two products at Chongqing Chemical Industry Park in the Fuling District of the Chongqing Municipality.
Mr. Li Xian Wen, vice general manager of the Jianfeng Industrial Group, and Mr. Jeff Gentry, chairman of the board of directors and CEO of INVISTA, participated in a signing ceremony held here today for the licensing deal. Also present were senior representatives from both companies and senior government leaders from the Chongqing Municipality, including Mayor Wang Hongju.
“We are proud to support Chongqing's continuing technological and industrial development through our licensing of BDO and PTMEG technologies,” said Gentry. “We admire the clear vision for Chongqing's continued growth as an industrial center being advanced by Mayor Wang and other Chongqing leaders.”
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.
“Our technology licensing organization, INVISTA Performance Technologies, has over 40 years of technology transfer experience and has participated in over 40 projects in China,” said Gentry. “We are pleased to provide Jian-Feng with the design and know-how for its manufacturing operation in Chongqing.”
Chemical intermediate BDO (1,4 butanediol) is used in making polyester resins and polyurethanes, and PTMEG(polytetramethylene ether glycol) is a polyether glycol used as a building block in high-performance polyurethanes, polyesters co-polymers and other polymers. Typical end uses for PTMEG include spandex fibers, thermal plastic elastomers, and cast elastomers for apparel, automotive, and industrial uses.
INVISTA has been licensing its leading technologies in chemical intermediates and polymers in China since 1990. The total investment of INVISTA's Chinese licensees has now exceeded RMB 32 billion.
Jian-Feng is investing RMB 2 billion (approximately $300 million US) in building a manufacturing complex to produce these two products at Chongqing Chemical Industry Park in the Fuling District of the Chongqing Municipality.
Mr. Li Xian Wen, vice general manager of the Jianfeng Industrial Group, and Mr. Jeff Gentry, chairman of the board of directors and CEO of INVISTA, participated in a signing ceremony held here today for the licensing deal. Also present were senior representatives from both companies and senior government leaders from the Chongqing Municipality, including Mayor Wang Hongju.
“We are proud to support Chongqing's continuing technological and industrial development through our licensing of BDO and PTMEG technologies,” said Gentry. “We admire the clear vision for Chongqing's continued growth as an industrial center being advanced by Mayor Wang and other Chongqing leaders.”
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.
“Our technology licensing organization, INVISTA Performance Technologies, has over 40 years of technology transfer experience and has participated in over 40 projects in China,” said Gentry. “We are pleased to provide Jian-Feng with the design and know-how for its manufacturing operation in Chongqing.”
Chemical intermediate BDO (1,4 butanediol) is used in making polyester resins and polyurethanes, and PTMEG(polytetramethylene ether glycol) is a polyether glycol used as a building block in high-performance polyurethanes, polyesters co-polymers and other polymers. Typical end uses for PTMEG include spandex fibers, thermal plastic elastomers, and cast elastomers for apparel, automotive, and industrial uses.
INVISTA has been licensing its leading technologies in chemical intermediates and polymers in China since 1990. The total investment of INVISTA's Chinese licensees has now exceeded RMB 32 billion.
INVISTA
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