China Butian New Materials Technology Co., Ltd. plans to build a new production facility for the production of chlorine-free fluorine blowing agents and related products on existing sites. The project has designated an investment of 670 million yuan ($101 million), according to the local government. According to the website, the project will start at the end of August. Its capacity is broken down as follows:
In 2017, Butian New Material Technology Co., Ltd. obtained a patent for a new chlorine-free fluoropolyurethane chemical foaming agent developed by the Shandong University of Technology team at a price of approximately RMB 500 million. The patent was awarded to Butian New Material Technology Co., Ltd. 20 years of exclusive rights outside the US and Canadian markets.
The company has already started trial production of 5,000 tons/year for its blowing agent, and has just begun to export to the United States.
In June of this year, the company was approved by the relevant departments of Shandong Province and will establish a wholly-owned subsidiary in Chicago to sell its foaming agent, flame retardant polyether polyol and polyether polyol.