Honeywell and Sinochem announce formation of Joint Venture in China

摘要

Honeywell and Sinochem Group signed an agreement to form a 50/50 joint venture to produce andrnsell blowing agents for energy efficient foam insulation in China to meet growing demand in the Asia region for more energy efficient and environmentally friendlier materials. The formation of the joint venture is subject to Chinese government approval. The JV will produce HFC-245fa, a non-ozone-depleting rigid foam blowing agent used in insulation for appliances, construction, transportation and other applications where maximum energy efficiency is required. The venture is expected to begin production in late 2013. Honeywell's newly launched next generation HFO lower-global-warming-potential blowing agent - Solstice Liquid Blowing Agent may also be produced by the JV.