On July 31, 2023, BASF and Huntsman, together with their Chinese partners Shanghai Huayi Holdings Group Co., Ltd., Sinopec Shanghai Gaoqiao Petrochemical Corporation, and Shanghai Chlor-Alkali Chemical Co., Ltd., announced the split of the joint venture MDI (Methylene Diphenyl Diisocyanate) production facility of Shanghai Lianheng Isocyanate Co., Ltd. (SLIC).

In the future, the two companies will independently operate MDI plants located in Caojing, Shanghai. Huntsman & Shanghai Chlor-Alkali Chemical, and BASF & Shanghai Huayi &Gaoqiao Petrochemical will respectively take over one MDI plant.

The new organizational structure is still being prepared and is expected to take effect in the fourth quarter of 2023, subject to approval, permits, and other customary conditions from regulatory authorities.