Laffans and Huntsman ink collaborative agreement

The Mumbai-based Laffans Petrochemicals Ltd and Huntsman Corporation recently signed a Letter of Intent pursuant to which the companies intend to finalise a collaboration agreement to share know-how, expertise and resources for specialty chemicals. They intend to leverage each other’s capabilities and resources for surfactants and amines manufacturing in India. Laffans’ responsibilities would include manufacturing and raw material sourcing, while Huntsman’s contribution would include commercial infrastructure, branding, product range, global approvals, technology and manufacturing processes.

“We expect this collaboration to be a significant step in our strategy to further expand our presence in the critical Asia Pacific region, and to build support for our key global customers. The planned technology transfer will include specialty non-ionic surfactants, glycol ethers and amines for a wide range of markets, including agrochemicals, household, personal care, oil&gas and automotive brake fluids,” said Steve Stilliard, vice president, Performance Products Division (Asia Pacific), Huntsman.