MORRIS TOWNSHIP, N.J. (Oct. 12, 2 p.m. ET) — Honeywell and Sinochem Group announced Oct. 11 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.
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.
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