30 May 2012 17:19 [Source: ICIS news]
(adds updates throughout)
HOUSTON (ICIS)--Belgium's Taminco will expand its Pace methylamine plant in Florida by an additional 100,000 tonnes/year, the company said on Wednesday.
The increase represents about a 60% expansion at the site, said Thorin Flynt, Taminco's business manager for methylamines and salts.
The company did not release the financial details of the expansion.
Flynt said the expansion has been in the works since August 2011. The company hopes to have the project complete by the end of 2014 or sooner, he said.
"We have a growing derivatives business that we need to support," he said. "We also have seen demand increase from our merchant methylamines customers, and the US market is overdue for an expansion."
The advent of low-cost natural gas also played a role in the expansion, since methylamines are used in the treatment of oil and natural gas as well as the drilling process, Flynt added.
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