INVISTA & Markor sign BDO license agreement

INVISTA, a world leader in chemical intermediates, polymers and fibers, signed a technology licensing agreement with Markor Chemical for butanediol (BDO) manufacturing technology.

Headquartered in Urumqi, Xinjiang Province, China, Markor Group is a private company with businesses in furniture manufacturing, home furnishings and chemicals. Its subsidiary, Markor Chemical, produces methanol, formaldehyde, acetylene, tetrahydrofuran, and BDO in Korla, Xinjiang Province, China.

Mr. Feng Dongming, chairman and CEO of Markor Investment Group, and Mr. Jeff Gentry, chairman of the board of directors and CEO of INVISTA, participated in a signing ceremony for the licensing deal held here at INVISTA’s headquarters. Also present were Mr. Cao Guang, chairman and CEO of Chengda Engineering Company, as well as senior representatives from both companies.

“We are proud to support Markor’s continuing technological and industrial development through our licensing of BDO technologies,” said Gentry. “We appreciate Markor’s trust and hope to see our collaboration with Markor extend into the future.”

The licensing agreement covers the manufacturing processes, required technologies, product formulations and expert engineering services for the 100-kt per year BDO plant.

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