This joint venture with Sinochem, one of the strongest companies in China, will help meet growing d

(EnergyAsia, October 20 2011, Thursday) — US engineering giant Honeywell said it and China s Sinochem Group have agreed to form an equal joint venture in China to produce and sell blowing agents for energy efficient foam insulation to meet growing demand in Asia for energy efficient and environmentally friendlier materials. The proposed joint venture, to be located in Taicang, Jiangsu Province, is subject cf moto v3 to Chinese government approval.
The joint venture 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.
Expected to start up in late 2013, the venture cf moto v3 may also produce Honeywell s newly launched Solstice , its next generation HFO lower-global-warming-potential blowing agent. 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.
Honeywell said its HFC-245fa is a non-ozone-depleting HFC liquid blowing agent that provides the foam s superior insulating cf moto v3 properties compared to other forms of insulation. The HFC-245fa blowing agent is used extensively by appliance manufacturers to insulate refrigeration equipment to meet increasing global energy efficiency requirements. It is also used in construction and transportation applications.
This joint venture with Sinochem, one of the strongest companies in China, will help meet growing demand for this material as Asian customers rapidly adopt more energy efficient and environmentally compliant materials.
The formation of the joint venture enhances our product portfolios and service capabilities in energy efficient and environmentally friendly materials, which aligns with both companies business development strategies, and reinforces the foundation for cooperation in depth.  The joint venture depicts an exciting prospect.
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