Chemical maker Huntsman signs LoI to sell US butadiene business
25 Feb '06
2 min read
Texas Petrochemical is a company where butadiene is among its core products.
They purchased a plant in 1994 that was on the verge of closure.
This sale to TPC will ensure a long-term future for this site.”
Huntsman's PO/MTBE and Oxides/Olefins facilities in Port Neches and its facility in nearby Port Arthur are not included in the sale.
Huntsman is a global manufacturer and marketer of differentiated and commodity chemicals.
Its operating companies manufacture basic products for a variety of global industries including chemicals, plastics, automotive, aviation, footwear, paints and coatings, construction, technology, agriculture, health care, textiles, detergent, personal care, furniture, appliances and packaging. Originally known for pioneering innovations in packaging, and later, rapid and integrated growth in petrochemicals, Huntsman today has 11,300 employees, 57 operations in 22 countries and had 2005 revenues of $13 billion.
marketing@alchempro.com
