07 December 2010 17:53 [Source: ICIS news]
HOUSTON (ICIS)--US specialty chemicals producer Ashland recently closed on a deal to purchase a maleic anhydride (MA) plant in West Virginia from Marathon Petroleum, officials said on Tuesday.
Marathon employed 36 workers at the plant in Neal, West Virginia, Pochard said. Ashland will work with union representatives and continue their bargaining agreement, he added.
Marathon had owned the plant since 2005, after Ashland sold its interests in Marathon Ashland Petroleum joint venture.
Ashland spokesman Ken Gordon said the purchase of the MA plant was a “good fit” for the company, particularly for its performance materials production.
“It presented the opportunity for us to purchase the facility and support our ongoing business operations,” he said.
The facility’s capacity rate is listed at 45,000 tonnes/year, according to ICIS plants and projects data.
MA is an intermediate chemical often used to make unsaturated polyester resin, a material produced for the construction and automotive industries.
Marathon Petroleum is a fully owned American subsidiary of the Marathon Oil.
Other major US MA producers include Huntsman, Lanxess and Flint Hills Resources.
By Ruth LiaoPaul Hodges studies key influencers shaping the chemical industry in Chemicals and the Economy
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