29 March 2010 17:09 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS news)--The TPC Group has no short-term plans to restart the second butadiene (BD) train at its site in Port Neches, Texas, as it seeks a secure supply of crude C4, the company’s CEO said on Monday.
“For us to start it up, we would want a long-term partner,” said Charles Shaver, TPC's CEO.
Such a partner would provide TPC with a secure supply of crude C4, feedstock for BD production, Shaver said.
Crude C4 is short because crackers have switched to lighter feedstock, which produces more ethylene in relation to crude C4. Plus, newer capacity in the Middle East has displaced the heavier crackers.
TPC also produces fuel products, lubricant additives, plastics and surfactants.
The Houston-based company in late January changed its name to TPC Group from Texas Petrochemicals, saying the new name reflected the increasing breadth and scope of its product lines and services.
Hosted by the National Petrochemical & Refiners Association (NPRA), the IPC continues through Tuesday.
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