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Huntsman Corporation and Basic Chemical Industries Limited (BCI) have announced they have signed an agreement to transfer majority ownership in the two companies existing Arabian Polyol Company (APC) joint venture in Saudi Arabia from BCI to Huntsman. Financial arrangements were not disclosed.

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CPI (Center for the Polyurethanes Industry of the American Chemistry Council) will be recognising outstanding achievement in product innovation with the third annual Polyurethane Innovation Award.

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