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The demand for VAM in Europe continues to grow briskly and the market is uncomfortably reliant on imports from remote locations for sufficient supply.
We look forward to integrating theOxochimie joint venture and growing our global market presence in oxo alcohols, aldehydes & derivatives.
The deal comprises the cumene plant, producing 900,000 tonnes of product, will employ 43 people plus the phenol, acetone and alpha-Methylstyrene (AMS) business.
Manufacturing assets need constant renewal if they are to survive. The last 10 years have proven that it is almost impossible to play catch-up...
This is a very exciting project that includes pursuing options for alternative energy and the sustainable, lower carbon production of chemicals.
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