Huntsman Casts New Momentum for Sustainable Development: Continues to Optimize Layout in China and Helps Transform and Upgrade the Industrial Chain

On September 23, 2020, Huntsman Group, the world's leading specialty chemical company, was invited to participate in the 11th China International Petrochemical Conference held in Ningbo

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With the theme of "Looking Forward to the New Five Years, Reconstructing the Value Chain", the conference gathered industry leaders to discuss the development plan of China's petrochemical industry

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Mr.Pan Lumin, President of Huntsman Polyurethanes Asia Pacific, attended the event to discuss with colleagues in the industry, and introduced Huntsman's four sustainable innovations based on circular economy to realize the innovative practice of symbiosis and co-prosperity between business interests and sustainable development

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"As an 'integrator' in China, Huntsman promotes sustainable development with a circular economy

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Huntsman leverages its technology and supply chain advantages to create recycling solutions for recycled plastics based on TEROLTM polyester polyols, Continue to optimize the layout in China, help customers enhance the commercial value and green value of their business development, and help the transformation and upgrading of the chemical industry and downstream industries

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Mr.Pan Lumin said at the CEO roundtable of the top 100 global chemical companies

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At the subsequent seminar on circular economy of plastics, Mr.Pan Lumin said in his keynote speech "Recycling the basics and creating the future" that Huntsman will build a supply chain based on the four sustainable innovative solutions of the circular economy.

The recycling system facilitates the green upgrade of downstream industries, combines sustainable development with value creation, and injects new momentum into sustainable development

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Mr.Pan Lumin, President of Huntsman Asia Pacific, delivered a keynote speech at the Plastics Circular Economy Seminar

Give full play to the role of multinational enterprises as a hub to activate dual economic cycles

As a multinational enterprise, Huntsman is committed to playing a pivotal role in the "dual circulation" pattern, relying on technological strength and resource advantages, through investment layout and technology introduction, to build a green supply chain in the region and open up green technology blocking points.

It helps the transformation and upgrading of the chemical industry and downstream industries, and promotes the smooth operation of the domestic and international dual circulation

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In May 2020, Huntsman's Asian polyester polyol plant was officially put into operation
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The factory adopts a chemical degradation remanufacturing recycling process to ensure the quality of recycled PET materials is stable from the source of production
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The recycled PET materials used as raw materials every year are equivalent to recycling 440 million 500ml PET plastic bottles, and the annual production capacity of polyester polyols reaches 22,000 tons, realizing the large-scale production of green materials
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The Tianjin Polyurethane Composite Material Factory, which was officially opened in June 2020, uses polyester polyols produced by Asian factories as raw materials to produce polyurethane products, with an annual output of 70,000 tons, realizing the supply and production of green materials in the region
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This is not only the world's leading green environmental protection technology - TEROLTM polyester polyol was introduced for the first time and used for large-scale production, but also Huntsman's local practice of enriching the green development of the enterprise itself, driving the green upgrade of downstream industries and assisting dual circulation innovation
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Mr.Pan Lumin, President of Huntsman Asia Pacific, was interviewed by the media

Join hands with downstream partners to practice circular economy

As a "practitioner" of building a beautiful China, Huntsman manufactures TEROLTM polyester polyol products with green processes, provides downstream customers with environmentally friendly and high-quality polyurethane products, expands the green effect, and builds a circular economy based on upstream and downstream industrial system
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Due to its unique chemical composition and structure, polyurethane products based on TEROLTM polyester polyol have stable quality, excellent thermal insulation performance and excellent flame retardant effect.
They have been widely used in commercial buildings, cold chain storage, modern Agriculture and other fields that have higher requirements for thermal insulation and fire protection
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Taking the cold chain industry as an example, it is estimated that TEROLTM as a polyurethane raw material can improve the thermal insulation performance of buildings by more than 50% compared with traditional thermal insulation materials such as polystyrene boards and rock wool, which helps to reduce energy consumption and carbon dioxide.
emissions, while significantly reducing business operating costs
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For a 10,000 cubic meter cold storage, the cooling cost is calculated at 1 yuan per cubic meter per day.
Using polyurethane as the thermal insulation material can save 500,000-800,000 yuan per year
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In addition, the excellent flame retardant performance can increase the fire rating of the building from B2 to B1, the highest fire rating of organic materials, effectively guaranteeing the safety of life and property
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Huntsman will continue to work with partners, continue to innovate, and jointly realize the double harvest of commercial value and environmental protection value, and help the green transformation of downstream industries
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Today, China has become the Huntsman Group's second largest market in the world and one of Huntsman's most important growth engines
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Huntsman will take creating a better life for consumers as its mission, and inherit the value concept of "creating boundless, happy life"
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Continuously promote the realization of strategic blueprints such as "new infrastructure" and "new urbanization" through four sustainable innovations, and respond to environmental challenges in the existing construction, cold chain, agriculture, and automotive industries with green and high-quality solutions.
Together with industry chain partners, we will provide a steady stream of new kinetic energy for China's sustainable development
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