At a ceremony in Grenoble, France, specialty chemicals company Perstorp and PTT Global Chemical signed an agreement forming a joint venture dedicated to the manufacturing and sales of aromatic (TDI) and aliphatic (IPDI, HDI and derivates) isocyanates.
According to a soon-to-be released study by the consulting firm Kusumgar, Nerlfi & Growney, in 2011, U.S. consumption of coatings is projected to be 1.4 million gallons, containing 7.8 billion pounds of solids, worth $23 billion.
