US Olin interested in Dow's chlorine derivative assets: CEO

26 July 2013 17:36  [Source: ICIS news]

US Olin interested Dow chlorine derivative assetsHOUSTON (ICIS)--The CEO of US-based Olin said on Friday that the company would be interested in the commodity chlorine derivative assets of Dow Chemical.

Dow is considering either establishing a joint venture or selling off the business. Dow has not made any final decisions on the fate of the assets.

Olin CEO Joseph Rupp said there is room in the US chlor-alkali market for such a merger or acquisition. Rupp made his comments during a second-quarter earnings conference call.

Rupp did not directly say whether Olin intended to pursue a purchase of Dow’s assets.

“We would be interested in consolidation,” Rupp said.

In 2012, Olin acquired KA Steel, a major US distributor of caustic soda, which, with chlorine, is one of the two co-products of the chlor-alkali industry.

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By: Ken Fountain

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