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Phase 2 2020 - Indorama Ventures Completes $2 Billion Acquisition of Huntsman Assets

 Last Update: 2022-11-11
 Source: Internet
 Author: User

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Indorama Ventures Completes $2 Billion Acquisition of Huntsman Assets
Jan.
6, Indorama Ventures said it has completed a $2 billion acquisition of Huntsman's chemical intermediates and surfactants business, significantly expanding its U.
S.
footprint into higher-margin integrated oxides, derivatives and specialty chemicals
.

The deal includes Huntsman's manufacturing operations
in Texas, Australia and India.
Indorama Ventures has acquired most of its operations in Port Neches, Texas, including a 235,000-ton blended feedstock cracker, a 1 million tonne ethylene oxide (EO)/monoethylene glycol (MEG) plant, and a propylene oxide/methyl tert-butyl ether plant, which also produces surfactants and amines
.
Under the transaction, Huntsman retained ownership
of its diethanolamine (DGA) plant in Nechis Harbor.

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