Ashland reopens US guar plant as oilfield demand rises

27 April 2010 23:29  [Source: ICIS news]

HOUSTON (ICIS news)--US specialty chemicals producer and distributor Ashland said on Tuesday it has reopened a plant in Dalton, Georgia, that produces guar, a gum used as controlling agent in oilfield drilling.

Chief financial officer Lamar Chambers told analysts on an earnings conference call that the restart reflected the recovery in oilfield activity since the industry downturn in 2009.

Ashland spokesman Jim Vitak subsequently told ICIS news that the plant had resumed limited operations in mid-March, ending a halt of around nine months.

Vitak declined to disclose the operating capacity of the plant, citing commercial confidentiality.

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