By T.J. Houpes2014-05-23T10:00:00+01:00
The Dow Chemical Company announced that its joint venture membrane chlor-alkali facility with Mitsui & Co., Ltd. (Mitsui) of Tokyo, Japan, successfully initiated full-scale, commercial production.
Dow’s share of the chlorine produced at the Dow-Mitsui Chlor-Alkali facility in Freeport, Texas will serve the growing feedstock needs of its performance- and market-driven businesses. In addition, Dow will market the caustic soda on behalf of the joint venture.
The new facility has a name plate capacity of approximately 800 kilotons per annum (KTA) of chlorine. It was previously announced in December, 2013 that this new world-scale facility will replace 800 KTA of older capacity on the site.
“This world-class facility allows us to capitalize on our modern and efficient membrane chlor-alkali technology and serves as a real-life proof point of how new, competitive energy resources in the US are re-shaping the landscape of US Gulf Coast manufacturing,” said James R. Fitterling, Dow Executive Vice President. “This joint venture bolsters the integration strength of the chlorine value chain at the Freeport site in a capital efficient model that allows Dow to invest in more downstream technology and customer-driven businesses with higher and more consistent earnings.”
After a first quarter where M&A activity got off to a brisk start, considerable project activity was announced globally, and concern began to really mount for the future of security of the US Federal Helium Reserve, today we look at developments in second quarter 2013.
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