Solvay to build large-scale alkoxylation facility in North America
(Thomson Reuters ONE) -
Brussels, November 6, 2013 --- Solvay announces today that it will build and
operate a large-scale alkoxylation unit in Pasadena, Texas, at an integrated
industrial facility of LyondellBasell's Equistar Chemicals affiliate, in order
to serve a growing North American market. Equistar will supply the ethylene
oxide raw material to the unit, in which Solvay will invest nearly ? 40 million
and is expected to be operational in 2015.
Alkoxylates are used as emulsifiers, detergents and wetting agents and are the
chemical foundation for a wide range of Solvay Novecare specialty surfactants.
The on-pipe unit will ensure greater security of alkoxylate supply for North
American customers. Following completion, it will bring to eight Novecare's
global alkoxylation plants.
"This is the latest in a series of strategic investments we have made to deploy
capacity and product development assets to serve our customers in dynamic market
segments," said Emmanuel Butstraen, President of Solvay Novecare. "Spurred by a
rebounding housing market and a dynamic manufacturing sector, the new facility
will enable us to help our North America customers meet growing business
opportunities in many markets."
This investment follows Solvay's announcement in April that it will build an on-
pipe alkoxylation facility in Singapore. Thanks to its presence on
LyondellBasell's site, Solvay can benefit from an existing, competitive
industrial footprint and assets as well as access to road, rail and navigable
shipping transport to key customers and suppliers.
"We are pleased to see a strategic customer such as Solvay Novecare expand into
the Bayport Industrial District," said Pat Quarles, LyondellBasell Senior Vice
President of Intermediates and Derivatives. "Co-locating the Solvay Novecare
facility at our Bayport site and linking to our ethylene oxide unit by pipeline
offers new opportunities and benefits for each of our companies to grow our
businesses."
About LyondellBasell
LyondellBasell (NYSE: LYB) is one of the world's largest plastics, chemical and
refining companies and a member of the S&P 500. LyondellBasell
(www.lyondellbasell.com) manufactures products at 58 sites in 18 countries.
LyondellBasell products and technologies are used to make items that improve the
quality of life for people around the world including packaging, electronics,
automotive parts, home furnishings, construction materials and biofuels.
Equistar Chemicals, LP is a wholly-owned subsidiary of LyondellBasell.
About Solvay Novecare
Solvay Novecare is a worldwide leader in specialty surfactants and a major
player in polymers, amines, guar, and phosphorus derivatives. Solvay Novecare
engineers and develops formulations that provide consumer products and state-of-
the-art industrial applications with specific functional qualities designed to
modify fluid behavior and deliver cleansing, dispersal, gelling, moisturizing,
penetrating, softening or texturizing properties. These formulations are used in
shampoos, detergents, paints and lubricants as well as in crop protection,
mining and energy production and stimulation. Novecare, which boasts a worldwide
network of 25 manufacturing sites and seven R&D centers, has become the
preferred partner of its customers in rapidly growing economies and leverages an
innovation platform based on sustainable solutions.
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|As an international chemical group, SOLVAY assists industries in finding and|
|implementing ever more responsible and value-creating solutions. The Group is|
|firmly committed to sustainable development and focused on innovation and|
|operational excellence. Solvay serves diversified markets, generating 90% of|
|its turnover in activities where it is one of the top three worldwide. The|
|group is headquartered in Brussels, employs about 29,000 people in 55 |
|countries and generated 12.4 billion euros in net sales in 2012. Solvay SA|
|SOLB.BE) is listed on Nyse Euronext in Brussels and Paris (Bloomberg: SOLB.BB|
|- Reuters: SOLBt.BR). |
+------------------------------------------------------------------------------+
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Source: Solvay S.A. via Thomson Reuters ONE
[HUG#1740966]
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Datum: 06.11.2013 - 11:41 Uhr
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News-ID 313245
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