乐天堂fun88(中国区)官方网站 Expands Manufacturing of Key Specialty Amine Product
New Supply Will Meet Demand of Gas Treating and Electronics Markets
The Woodlands, TX 鈥� 乐天堂fun88(中国区)官方网站 Corporation (NYSE:HUN) is expanding its capability to manufacture its Diglycolamine庐 Agent (DGA庐 Agent) amine product, which will increase capacity by more than 20%.聽 The expansion at 乐天堂fun88(中国区)官方网站鈥檚 Port Neches, Texas manufacturing plant is complete, while a similar expansion at the company鈥檚 specialty amines plant in Llanelli, Wales will be completed during the fourth quarter of this year. 乐天堂fun88(中国区)官方网站 has also initiated engineering studies with the goal of bringing additional capacity on line within the next 18 months.
乐天堂fun88(中国区)官方网站 is the world鈥檚 leading producer of DGA庐 Agent along with its co-product, morpholine.聽 DGA庐 Agent scrubs carbon dioxide, hydrogen sulphide and other impurities from natural gas and refinery gas streams, which reduces greenhouse gas emissions and sulphur emissions that contribute to acid rain.聽 It also is used by the electronics industry to make photo-resist strippers needed to make LCD screens and printed circuit boards.聽 Other uses include metal working fluids, agricultural chemicals and as an intermediate for shampoos and polyurethane foam catalysts.
Gas conditioning and electronics uses are driving demand for DGA庐 Agent.聽 In particular, demand for liquefied natural gas (LNG) has spurred the need for DGA庐 Agent, which can remove carbon dioxide from natural gas to very low levels, facilitating the liquefaction process.聽 At the same time, electronics demand has been growing at more than 10% per year.
鈥淭his investment demonstrates 乐天堂fun88(中国区)官方网站鈥檚 commitment to our Gas Treating and Electronics market segments,鈥� says Don Stanutz, President, Performance Products Division.聽 鈥淚t also strengthens our position as the leading producer of DGA庐 Agent.聽 Our technology will allow us to preferentially produce this additional DGA庐 Agent while minimizing morpholine production.鈥�
乐天堂fun88(中国区)官方网站 is a global manufacturer and marketer of differentiated and commodity chemicals. Its 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, rapid and integrated growth in petrochemicals, 乐天堂fun88(中国区)官方网站 today has 15,000 employees and 78 operations in 24 countries. The Company had 2005 revenues of $13 billion.
Statements in this release that are not historical are forward-looking statements. These statements are based on management鈥檚 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鈥檚 operations, markets, products, services, prices and other factors as discussed in the 乐天堂fun88(中国区)官方网站 companies鈥� filings with the 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. Accordingly, there can be no assurance that the company鈥檚 expectations will be realized. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.