ABB Lummus Crest Inc., Bloomfield, N.J., and Salt Lake-based Huntsman Chemical Corp. have been selected by the Dongbu Chemical Co. Ltd., Seoul, South Korea, to provide Huntsman's expandable polystyrene manufacturing technology and basic engineering services in a unit to be located in Dongbu's plant in Ulsan.
The new unit, which will cost $15 million, will be completed in late 1991. This is the first project in Korea in which the Huntsman polystyrene technology will be utilized.Thomas H. Wood, Huntsman senior vice president, said, "The efficient one-step suspension process affords low energy consumption, requires minimum capital investment and provides high yields of high-quality product. Expandable polystyrene is used in the production of insulation, packaging, medical supplies, flotation devices and other products."
Daniel M. McCarthy, Lummus Crest's vice president of business development, said, "The award demonstrates to the process industry the benefits of a partnership between an engineering company and an operating company. The partnership provides a unique single source for engineering, technology and operation know-how starting with styrene through the complete line of styrenics."
Huntsman is the largest privately held chemical company in the United States and North America's largest polystyrene producer. ABB Lummus Crest is part of the ABB Group, Zurich, Switzerland, a leading supplier of electrotechnical equipment with $25 billion in sales in 140 countries.