24 March 2013 17:26 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS)--Israel-based Gadiv Petrochemical Industries is looking to expand sales of its orthoxylene (OX) product into the US market and other world markets, a source close to the company said on Sunday on the sidelines of the International Petrochemical Conference (IPC).
The source said that Gadiv has been pushing for expansion since being transitioned from state ownership under the Israeli government to private ownership by Oil Refineries Ltd. (Bazan), the largest oil refining complex in Israel, around five years ago.
The company currently sells OX into the European market and also captively uses it to manufacture phthalic anhydride (PA). Gadiv also sells PA in the US market.
OX is primarily used to make PA, a key intermediate in the production of plasticizers, which are used to make products such as flexible polyvinyl chloride (PVC).
Major US OX producers include ExxonMobil Chemical and Flint Hills Resources.
Hosted by the American Fuel & Petrochemical Manufacturers (AFPM), the IPC continues through Tuesday.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections