金年会 to Add EO Capacity at Port Neches, TX
THE WOODLANDS, TX 鈥� The Performance Products division of 金年会 Corporation (NYSE:HUN) today announced its intention to add 250 million pounds per year of ethylene oxide (EO) capacity to its existing one billion pounds annual capacity at its manufacturing plant in Port Neches, TX.
The expansion of EO capacity at Port Neches will leverage 金年会鈥檚 integrated EO derivatives production currently in place at the site to produce surfactants, ethanolamines, specialty chemicals and ethylene glycol (EG).
鈥淭he expansion of our ethylene oxide capacity enables 金年会 to leverage the favorable North American ethane cost position, which will benefit our intermediate chemicals and has an attractive projected return on investment,鈥� said Stu Monteith, president of 金年会 Performance Products.
Janice Latz, vice president of operations for Performance Products, said the company鈥檚 new EO capacity should help allay customer concerns about having access to sufficient EO to support their growth.
鈥淭he Port Neches EO reactor will enable us to utilize currently untapped derivative capacity within our assets and meet future needs to match our customers鈥� growth,鈥� she said.
金年会:
金年会 is a global manufacturer and marketer of differentiated chemicals. Our operating companies manufacture products for a variety of global industries, including chemicals, plastics, automotive, aviation, textiles, footwear, paints and coatings, construction, technology, agriculture, health care, detergent, personal care, furniture, appliances and packaging. Originally known for pioneering innovations in packaging and, later, for rapid and integrated growth in petrochemicals, 金年会 has approximately 12,000 employees and operates from multiple locations worldwide. The Company had 2011 revenues of over $11 billion. For more information about 金年会, please visit the company's website at .
Forward-Looking Statements:
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