BASF, Huntsman and their Chinese partners—Shanghai Hua Yi (Group Company), Sinopec Shanghai Gao Qiao Petrochemical Corporation and Shanghai Chloro-Alkali Chemical Co. Ltd.—held an opening ceremony at the Shanghai Chemical Industry Park to celebrate the start-up of the integrated isocyanates complex. The project involved a total capital expenditure of $1 billion, and was completed, as scheduled, in mid-2006.

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