Huntsman is a manufacturer and distributor of diversified chemicals. The company is primarily engaged in the manufacturing of various organic and inorganic chemicals for use in industries, such as adhesives, aerospace, automotive, construction, electronics, medical, packaging, paints and coatings, power generation, refining, synthetic fiber, textile chemicals, and dye industries. The company manages its business operations through five segments, namely, polyurethanes, performance products, advanced materials, textile effects and pigments. The company conducts its epoxy resins business under the advanced materials business segment.
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In April 2012, Huntsman expanded the performance products division of ethylene oxide (EO) capacity at its manufacturing plant in Port Neches, TX. The company increased its one billion pounds annual capacity by 250 million pounds per year. The expansion of EO capacity at Port Neches unit influenced Huntsman’s integrated EO derivatives surfactants, ethanol amines, specialty chemicals and ethylene glycol (EG) in North America.
In August 2012, BASF-YPC Co. Ltd, a joint venture between BASF and Sinopec (China), completed the second phase of its expansion by starting an integrated petrochemical site worth $1.4 billion in China. The company expanded its existing plants along with new plants in the expanded Ethylene Oxide (EO) derivatives value chain by including a new non-ionic surfactants plant with a capacity of 60,000 metric tons per year.
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In April 2013, Shell Chemicals, a subsidiary of Royal Dutch Shell Plc made new investments in its existing production facility in Singapore to increase ethoxylates production capacity in Asia. The new plant has a capacity to produce 140 KT of ethylene oxide and another 140 KT to produce ethoxylation.
The major participants of the global alcohol ethoxylate market are BASF SE (Germany), Huntsman Corporation (U.S.), Clariant AG (Switzerland), Stepan Company (Illinois), Shell Chemicals (Netherlands), Sasol Ltd (South Africa), Ineos Group (Switzerland), India Glycols (India), The Dow Chemical Company (U.S.), and others.
