The Urethane Blog
October 21, 2020
Huntsman Opens New TEROL® Polyols Plant in Taiwan
Download as PDF October 21, 2020 1:01am EDT
KUAN YIN, Taiwan – Huntsman Corporation (NYSE: HUN) today commemorated the official start-up of a new 22,000-ton TEROL® aromatic polyester polyols plant at its systems house in Kuan Yin, Taiwan, with an opening ceremony at the site that was attended by key customers and employees.
The 3,600-square meter polyols plant, completed in May, expands Huntsman’s downstream polyurethanes capabilities in the Asia-Pacific region and marks the first time Huntsman has manufactured its TEROL® polyols outside the United States.
TEROL® polyester polyols are critical components in the production of MDI-based polyurethane insulation systems – the most effective insulants available in the market, as measured by R-value. Insulation products based on TEROL® polyols, include polyisocyanurate (PIR) boardstock systems, spray polyurethane foam (SPF) and pour-in-place applications, including entry doors, garage doors, coolers, refrigerators and commercial freezers.
To produce its TEROL® polyols, Huntsman utilizes a proprietary process that upcycles scrap polyethylene terephthalate (PET) bottles, some of which otherwise would have ended up in landfills, rivers and oceans.
In remarks at the opening ceremony, Peter Huntsman, Chairman, President and Chief Executive Officer of Huntsman Corporation, said: “The work we are doing in Taiwan and throughout the Asia Pacific region will truly transform our industry. By recycling the equivalent of nearly half a billion PET bottles from the oceans, landfills and refuse facilities, we are creating the building blocks that transform plastic waste into something of real value – highly efficient insulants that help conserve energy and reduce emissions.
“When considered with its sister plant in Houston, Texas, this new TEROL® polyols plant enables Huntsman to participate on a global scale in the shared responsibility to clean up our environment and do more with less.”
Huntsman manufactures TEROL® polyols for the Americas and European regions from its plant in Houston, Texas, where it upcycles the equivalent of one billion 500ml PET bottles per year. Additionally, Huntsman manufactures polyols from scrap PET bottles at its Huntsman Building Solutions site in Boisbriand, Canada.
Commenting on the new facility, Tony Hankins, President of Huntsman’s Polyurethanes business and CEO of Asia Pacific said: “Taiwan is a critically important base for the achievement of our strategic objectives in the region, which are focused on moving downstream and creating more differentiated solutions for our customers. The TEROL® polyols from this plant are already being used in PIR boardstock systems, cold chain applications and spray polyurethane foam, or SPF. Earlier this year, we established Huntsman Building Solutions, the leading SPF company in the world, through the integration of two major SPF businesses that we recently acquired. As a result, Huntsman is now able to effectively supply energy-efficient SPF systems to customers throughout Asia-Pacific, leveraging the TEROL® polyols from the Taiwan plant. We see significant growth opportunities for SPF in the cold chain, modern agriculture, and the insulation of buildings.”
October 21, 2020
Huntsman Opens New TEROL® Polyols Plant in Taiwan
Download as PDF October 21, 2020 1:01am EDT
KUAN YIN, Taiwan – Huntsman Corporation (NYSE: HUN) today commemorated the official start-up of a new 22,000-ton TEROL® aromatic polyester polyols plant at its systems house in Kuan Yin, Taiwan, with an opening ceremony at the site that was attended by key customers and employees.
The 3,600-square meter polyols plant, completed in May, expands Huntsman’s downstream polyurethanes capabilities in the Asia-Pacific region and marks the first time Huntsman has manufactured its TEROL® polyols outside the United States.
TEROL® polyester polyols are critical components in the production of MDI-based polyurethane insulation systems – the most effective insulants available in the market, as measured by R-value. Insulation products based on TEROL® polyols, include polyisocyanurate (PIR) boardstock systems, spray polyurethane foam (SPF) and pour-in-place applications, including entry doors, garage doors, coolers, refrigerators and commercial freezers.
To produce its TEROL® polyols, Huntsman utilizes a proprietary process that upcycles scrap polyethylene terephthalate (PET) bottles, some of which otherwise would have ended up in landfills, rivers and oceans.
In remarks at the opening ceremony, Peter Huntsman, Chairman, President and Chief Executive Officer of Huntsman Corporation, said: “The work we are doing in Taiwan and throughout the Asia Pacific region will truly transform our industry. By recycling the equivalent of nearly half a billion PET bottles from the oceans, landfills and refuse facilities, we are creating the building blocks that transform plastic waste into something of real value – highly efficient insulants that help conserve energy and reduce emissions.
“When considered with its sister plant in Houston, Texas, this new TEROL® polyols plant enables Huntsman to participate on a global scale in the shared responsibility to clean up our environment and do more with less.”
Huntsman manufactures TEROL® polyols for the Americas and European regions from its plant in Houston, Texas, where it upcycles the equivalent of one billion 500ml PET bottles per year. Additionally, Huntsman manufactures polyols from scrap PET bottles at its Huntsman Building Solutions site in Boisbriand, Canada.
Commenting on the new facility, Tony Hankins, President of Huntsman’s Polyurethanes business and CEO of Asia Pacific said: “Taiwan is a critically important base for the achievement of our strategic objectives in the region, which are focused on moving downstream and creating more differentiated solutions for our customers. The TEROL® polyols from this plant are already being used in PIR boardstock systems, cold chain applications and spray polyurethane foam, or SPF. Earlier this year, we established Huntsman Building Solutions, the leading SPF company in the world, through the integration of two major SPF businesses that we recently acquired. As a result, Huntsman is now able to effectively supply energy-efficient SPF systems to customers throughout Asia-Pacific, leveraging the TEROL® polyols from the Taiwan plant. We see significant growth opportunities for SPF in the cold chain, modern agriculture, and the insulation of buildings.”
October 20, 2020
October 20, 2020
October 19, 2020
TSA Passenger Traffic Tops One Million Sunday As Return To Normalcy Continues
by Tyler Durden Mon, 10/19/2020 – 15:35
Shares of US airlines lifted off Monday morning after data this past weekend showed passenger numbers hit seven-month highs as air travelers take advantage of super low-cost airfare despite the reemergence of COVID-19.
TSA published a press release early Monday saying it “screened over 1 million passengers Sunday, representing the highest number of passengers screened at TSA checkpoints since March 17, 2020.”
The release continued: “In addition to screening one million passengers in a single day, TSA screened 6.1 million passengers at checkpoints nationwide during the week (Mon., October 12 through Sun., October 18). That weekly volume also represents the highest weekly volume for TSA since the start of the COVID-19 pandemic.”h/t Reuters
According to TSA spokesperson Lisa Farbstein, airport security checkpoints nationwide screened 1,031,505 people on Sunday – this is still 60% lower than one year ago. https://platform.twitter.com/embed/index.html?dnt=false&embedId=twitter-widget-0&frame=false&hideCard=false&hideThread=false&id=1318157136602550274&lang=en&origin=https%3A%2F%2Fwww.zerohedge.com%2Fpersonal-finance%2Ftsa-passenger-traffic-tops-million-sunday-return-normalcy-continues&siteScreenName=zerohedge&theme=light&widgetsVersion=ed20a2b%3A1601588405575&width=550px
TSA numbers this month show a return to normalcy, about eight months since the virus pandemic began. So far, the numbers this month show a rapid increase in travelers:
- Oct. 18 – 1,031,505 people screened
- October 14 – 717,940 people screened
- October 7 – 668,519 people screened
Readers may recall the lowest number of people screened at US airports was 87,534 on April 14, during lockdowns, where much of the airline and travel and tourism industry ground to a halt.
The increase in air travel has occurred as US virus cases topped 70,000 last Friday, the highest level since July. Single-day caseload records were seen in Wyoming, Minnesota, Wisconsin, West Virginia, North Dakota, Indiana, New Mexico, Utah, and Colorado.
As we’ve pointed out to our millennial readership, roundtrip airfare has never been cheaper – and with the virus mainly affecting the older segments of the population – now could be the time to travel.
Goldman Sach’s Jan Hatzius compiled travel and tourism high-frequency data that suggests US air travel is steadily increasing from the April-May trough. US international passenger arrivals at the top five airports are also rising. Global air travel has rebounded as well.
Another proxy of the travel and tourism rebound is Airbnb searches, which rebounded and recovered back to the February baseline but have since slumped into fall.
Robinhood traders have spent the last seven months panic buying JETS ETF, with hopes the airline industry will recover in a “V-shaped” fashion.
The question traders have on their mind: How long will it take for the airline industry to recover?
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