07 July 1997 00:00 [Source: ICB]
Borden Chemicals and Plastics (BCP) and Exxon have formed a new partnership to manufacture and market vinyl esters in North America. This tie-up marks Borden's first venture into speciality chemical production.
A vinyl esters plant is under construction, at Borden's Gelsmar, Louisiana, US, complex, and is expected to come onstream by the end of this year. It will be the first North American source for these products.
The company will supply acetylene and manufacture the vinyl ester, while Exxon will supply neo acids and technology for the partnership and will market the vinyl esters under the Exxar tradename.
Initially the vinyl ester will be produced in small quantities, production will then be increased depending on market demand. A spokesman for BCP would not comment on final capacities.
Joseph Saggese, chairman, president and chief executive officer for BCP, said: 'This venture will enable BCP to take advantage of our manufacturing expertise and raw materials position to branch out into the speciality chemicals arena.'
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