ALTIVIA Petrochemicals has completed the acquisition of the Haverhill Chemical assets, which produce Phenol, Acetone, Alpha-Methylstyrene (AMS) and BisPhenol-A (BPA). The facilities are located on the banks of the Ohio River in Haverhill, Ohio, and were previously operated by Sunoco. ALTIVIA has been preparing the facilities for start up over the past several weeks and the plant will resume operations immediately. Product shipments are expected to begin on 16 November.
After Ineos and Shell, the Haverhill facility is the third largest producer of merchant Phenol and Acetone in the Americas. Phenol and Acetone are petrochemical intermediates used in the production of phenolic resins, epoxies, polycarbonates, paints and coatings, pharmaceuticals, acrylics, and heat resistant polymers.
"This has been a challenging transaction to complete, however, the outlook for the business is strong. ALTIVIA is entering this market at a very competitive price and at a low point in the Aromatics cycle, enabling it to compete effectively with Gulf Coast producers. With the renewed operation of the plant, ALTIVIA will also restore over 100 jobs in south eastern Ohio," commented J. Michael Jusbasche, CEO of ALTIVIA.
Edited from press release by Angharad Lock
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/09112015/altivia-petrochemicals-completes-acquisition-of-haverhill-chemicals-1567/