6 November 2015
DETAILS
today completed the acquisition of
the Haverhill Chemical assets, which produce
Phenol, Acetone, Alpha-Methylstyrene (AMS)
and BisPhenol-A (BPA).
Located on the banks of the Ohio River in Haverhill, Ohio,
the assets were formerly operated by
Sunoco.
ALTIVIA has been preparing the facilities
for start up over the past several weeks and
the plant will resume operations immediately.
Product shipments are expected to begin on November 16.
The Haverhill facility is
the third largest producer of merchant Phenol and Acetone
in the Americas, after
Ineos and Shell.
Phenol and Acetone
are petrochemical intermediates utilized in the production of
phenolic resins, epoxies, polycarbonates, paints and coatings,
pharmaceuticals, acrylics, and heat resistant polymers.
Chief Executive Officer of ALTIVIA.
"This has been a challenging transaction to complete,
however, the outlook for the business is strong.
ALTIVIA is entering this market
at a very competitive price and at a low point
in the Aromatics cycle, enabling it to compete effectively
with Gulf Coast producers.
With the renewed operation of the plant, ALTIVIA
will also restore over 100 jobs in south eastern Ohio,"
ALTIVIA Petrochemicals, LLC
1100 Louisiana, Suite 4800
Houston, Texas 77002
Phone: (713) 658 9000
www.ALTIVIA.com
WWW.CHEMWINFO.COM BY KHUN PHICHAI
