Huntsman Corporation has selection Huntsman's Geismar, Louisiana site as the location for the Company's previously announced new 100 million pound world scale maleic anhydride facility. Consideration towards customer's growing requirements and ensuring long term supply of maleic anhydride in North America have put this project on priority for the company. Huntsman has adopted a fast track implementation model that will enable the plant to startup in Q3-2008 for which it will commence detailed engineering and reactor procurement immediately. The Geismar site was chosen after evaluating six possible locations. Maleic anhydride is the building block for unsaturated polyester resins used mainly in the production of fiberglass reinforced resins for construction, automotive and marine products. It is also used in formulations for oil additives, food additives, paper chemicals, epoxies, as well as other applications.
Huntsman has a world scale MDI manufacturing complex at the site. The Geismar site is estimated to provide the most attractive economics for the plant due to the feedstock availability and the ability o leverage off existing Huntsman infrastructure currently located at the Geismar site. Huntsman is a leading global producer of maleic anhydride and currently has the annual capacity to produce 240 million pounds at its Pensacola, Florida facility. Huntsman also owns a 50% interest in a joint venture in Moers, Germany that currently has an annual capacity of 125 million pounds.
09-Mar-06 
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