乐天堂fun88(中国区)官方网站 Announces Plans to Meet Demands of Lithium-Ion Battery Market
The Woodlands, Texas 鈥� 乐天堂fun88(中国区)官方网站 Performance Products, a division of 乐天堂fun88(中国区)官方网站 Corporation (NYSE: HUN), today announced plans to meet the needs of the burgeoning global lithium-ion battery market.
乐天堂fun88(中国区)官方网站鈥檚 plans include both near-term expansion of its ULTRAPURE庐 solvent electrolytes production capabilities in Conroe, Texas, and investigation of a new North American integrated carbonates plant.
Commonly used in consumer electronics, lithium-ion batteries are becoming increasingly popular in military and aerospace applications and electric vehicles. High-quality ethylene carbonate and propylene carbonate, used as electrolyte solvents, are critical to the reliable operation and long working life of lithium-ion batteries. 乐天堂fun88(中国区)官方网站 is a world leader and innovator in high-purity cyclic carbonates, which it markets under its ULTRAPURE庐 brand.
Efficiency improvements at 乐天堂fun88(中国区)官方网站鈥檚 Conroe plant will position the company to meet the lithium-ion battery market鈥檚 immediate and growing demand for electrolyte solvent.
鈥淥ur investment at Conroe further solidifies 乐天堂fun88(中国区)官方网站鈥檚 position as the leading supplier of carbonate electrolyte solvents for the emerging lithium-ion battery market, not only in North America, but also globally,鈥� said Stu Monteith, president of 乐天堂fun88(中国区)官方网站 Performance Products.
Monteith added that 乐天堂fun88(中国区)官方网站 Performance Products is also thinking about the market鈥檚 needs over the next three to five years, and is exploring a new carbonates manufacturing facility to produce cyclic and linear carbonates.
鈥淲e see global demand in the dynamic lithium-ion battery market continuing to grow,鈥� Monteith said. 鈥淲e are exploring a new carbonates plant that will enable 乐天堂fun88(中国区)官方网站 to meet the market鈥檚 quality and quantity demands by leveraging our extensive knowledge in ultra high-purity carbonates manufacture and our integrated raw material position.鈥�
乐天堂fun88(中国区)官方网站 Performance Products currently has 80 million pounds of carbonates capacity at its Conroe plant, and will continue to produce its full line of JEFFSOL庐 standard grade propylene, ethylene and glycerine carbonates.
For more information, please visit 乐天堂fun88(中国区)官方网站鈥檚 Performance Products website at .
About 乐天堂fun88(中国区)官方网站:
乐天堂fun88(中国区)官方网站 is a global manufacturer and marketer of differentiated chemicals. Our operating companies manufacture products for a variety of global industries, including chemicals, plastics, automotive, aviation, textiles, footwear, paints and coatings, construction, technology, agriculture, health care, detergent, personal care, furniture, appliances and packaging. Originally known for pioneering innovations in packaging and, later, for rapid and integrated growth in petrochemicals, 乐天堂fun88(中国区)官方网站 has approximately 12,000 employees and operates from multiple locations worldwide. The Company had 2010 revenues of over $9 billion. For more information about 乐天堂fun88(中国区)官方网站, please visit the company's website at .
听
Forward-Looking Statements:
Statements in this release that are not historical are forward-looking statements. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed in the 乐天堂fun88(中国区)官方网站 companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, financial, economic, competitive, environmental, political, legal, regulatory and technological factors.听 The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.
听
Contact: Anne Knisely
00 1 281 7194072
听