MOSCOW (MRC) -- Arkema is investing USD90 million on its Clear Lake, Texas site to replace existing acrylic acid production units with modern facilities using available technologies, said Hydrocarbonprocessing.
As part of its operational excellence program, Arkema has launched a project that will replace two 45kt/year acrylic acid reactors at the end of their life with a single 90 kt/year reactor at its Clear Lake site. This investment will introduce new manufacturing assets using production technologies available.
The new unit is expected to come on stream by mid-2019. At completion of this program, Clear Lake's total acrylic acid production capacity will be 270 kt/year.
"Arkema will continue to meet customer demand from its American plants, which benefited from a previous modernization program between 2012 and 2014, as well as its European and Asian plants," the company said in a press release. "Arkema will position the Clear Lake site among the most competitive in North America while meeting growing demand in the region."
As MRC informed earlier, in November 2016, Arkema agreed to acquire Den Braven, a producer of sealants for insulation and construction in Europe, in a deal valued at EUR 485 million from Dutch private equity firm Egeria.
Arkema is a leading European supplier of chlorochemicals and PVC. Kynar and Kynar Flex are registered trademarks of Arkema Inc. The company's business portfolio spans high-performance materials, industrial specialties and coating solutions. Reporting annual sales of EUR7.7 billion in 2015, the company employ approximately 19,000 people worldwide and operate in close to 50 countries.
MRC