Abstract: The invention discloses one method of producing polyether polymer dispersant and polyether polymer, wherein the dispersant is a copolymer macromolecule prepared by the propylene oxide or ethylene oxide with an average molecular weight of 6000 to 20000, with containing at least one benzene ring group and one polymerizable carbon-carbon double or triple bond polymer. The preparation method of the dispersant is: synthesizing a basic polyether polyol, adding a cyclic dicarboxylic anhydride into the polyether polyol, then the polyether polyol is reacted with an epoxy compound with the polymerizable double bond, and capping with an epoxy compound to obtain the dispersant; preparing the polymer polyol by the basic polyol, an unsaturated vinyl monomer styrene and acrylonitrile, a polymerization initiator, the dispersant and an optional chain transfer agent; the basic polyether is a polyether polyol with a functionality of 3 to 8.

Abstract: A method for preparing a polyether polyol in a continuous reaction cycle is described. In the method, a low molecular-weight alcohol is polymerized with an alkylene oxide to obtain a low molecular-weight polymer. The low molecular-weight polymer is used as an initiator to react with the alkylene oxide and the low molecular-weight alcohol in the presence of a DMC catalyst and an acid promoter to obtain an intermediate-target polymer. A portion of the intermediate-target polymer is used for producing the target polymer, and the other portion is recycled for reproduction of the intermediate-target polymer. No initiator prepared with a base catalyst is used, and thus the loss of material and the discharge of residue and waste water are reduced. The DMC concentration is kept constant in the target polymer during the production such that the dewatering time and induction time are greatly reduced.