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Sunoco's sale of phenol complex will leave it with no stand-alone chemical complexes

August 17/2011

(ICIS) -- Sunoco's planned sale of its phenol complex to a conglomerate will leave it with no stand-alone chemical complexes, the US-based refiner said on Tuesday. Sunoco has reached an agreement to sell its phenol plant in Haverhill, Ohio, to an affiliate of Goradia Capital, a conglomerate with other petrochemical holdings. The purchase price will be USD 106.5m (EUR 73.5m), Sunoco said.

The plant has a phenol capacity of 306 KTa and an acetone capacity of 173 KTa according to ICIS plants and projects. Haverhill's 110 KTa bisphenol A (BPA) unit is also included in the sale to Goradia.

The plant will be owned by Haverhill Chemical, an affiliate of Goradia. The head of Haverhill Chemical will be Alberto Spera. Other Goradia affiliates include Vinmar International, a polymer and petrochemical marketer.

Earlier this year, Sunoco agreed to sell its 1bn lb/year (450 KTa) phenol and acetone plant in Philadelphia for about USD 85m.

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