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Dow closes sale of acetone business to Altivia

November 05/2019

MOSCOW (MRC) -- Altivia Ketones & Additives, LLC an affiliate of Altivia Petrochemicals, announced that it acquired Dows Acetone Derivatives Business and associated chemical manufacturing assets at Institute, W.Va., as well as the Institute Industrial Park, said Chemengonline.

Altivia successfully assumed operations and product distribution without delay on November 1.

The Acetone Derivatives Business manufactures ketones and carbinols, used primarily in the coatings, adhesive and pharmaceutical industries. It is the largest North American production facility of its kind.

"We have implemented a thorough transition plan over the past 12 weeks to ensure continuity and avoid disruptions during our assumption of operations at Institute, West Virginia, said Altivias Chief Executive Officer J. Michael Jusbasche. Customers of our Ketones business and stakeholders at our Institute Industrial Park will experience a seamless transition to Altivia."

The 460-acre Institute Industrial Park was originally operated by Union Carbide and became an industrial park in the mid-1980s. The facility houses the acetone derivatives business acquired by Altivia, as well as other Dow and DuPont businesses, which receive utility and logistics services to support chemical production activities.

Earlier in 2019, Dow had said that the business's acetone derivatives are used as solvents and as chemical intermediates. The coatings industry uses the solvents for nitrocellulose and other cellulose ethers as well as for vinyl chloride-vinyl acetone and other resins. The companies announced the deal in mid-August.

As MRC informed earlier, Dow Chemical's propylene dehydrogenation (PDH) unit in Freeport, Texas, is offline for a turnaround. Sources said the PDH unit went offline for scheduled maintenance September 26, and the work is expected to last 45-60 days. Originally, sources expected the turnaround to begin in early September, but then learned it had been delayed.

As MRC informed previously, Dow Chemical  began major maintenance on the LHC 1 cracker at Terneuzen, Netherlands  from 9 September, 2019. More than 1,500 extra employees from various external companies will carry out maintenance work in the subsequent period.

Propylene is a feedstock for producing polyprolypele (PP).

According to MRC's ScanPlast report, the estimated PP consumption in the Russian market was 796,120 tonnes in January-July 2019, up by 11% year on year. Shipments of PP block copolymer and homopolymer PP increased.

Dow believes that plastic waste has value and can be transformed into new products and energy. In addition to plastic roads, Dow is working with key partners in South America to use recycled plastics to develop construction materials for schools in Colombia. Dow is also at the forefront of developing and scaling chemical recycling technology to take recycled plastic waste back to feedstock for the creation of new products. By reimagining new ways to reuse, recycle and repurpose plastic waste, Dow and its partners are leading the way in the development of innovative circular economy solutions.
Author:Anna Larionova
Tags:PP, PE, ethylene, acetone, bisphenol A, propylene, phenol, Altivia, Dow.
Category:General News
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