According to the company, ALTIVIA has planned a $25 million process safety and control systems upgrade to the facilities and will start production in two new oxide reactors by the end of 2020.
Huntsman acquired the business from Emerald Performance Materials LLC for approximately $300 million, subject to customary closing adjustments.
The Hempel facility will have a production capacity of more than 100,000 tons per year and will be inaugurated in 2021. The size of the buildings total 18,000 square meters on 52,000 square meters of land.
Upon completion, the central warehouse will be 8,850 square-meters, equaling a capacity of approximately 12,400 pallets, according to Orion.
The addition of the fifth mill is said to complement AMI’s recent operating capacity and service improvements in bulk trucking at the plant.
Air Products’ core competency is its ability to develop, execute, own, and operate complex process facilities that help customers create engines of economic growth and social development.
Univar Solutions stated that collaborating with Dow will enable Univar to provide customers with a broad portfolio of reliable ingredients to solve their toughest challenges and develop more innovative products.
OQ Chemicals also plans to bring on-stream additional production capacity for TCD Alcohol in 2021 that will cover the anticipated global demand for years to come.
Azelis will distribute Perstorp’s polyols and solutions portfolio in parts of Northern Europe, enabling Azelis to extend its product offering in this region for both the performance chemicals and the CASE market segment.
In addition, the agreement states that an annual average of at least €1.5 billion will be spent on investment, modernization, and maintenance at the BASF Ludwigshafen site each year until 2025.