Tag Archives | Wilton

Artenius UK sold to KP Chemicals

It seems our sources were right (see last entry)! Administrators Deloitte yesterday confirmed that its assets have been sold to KP Chemical Corporation subsidiary Lotte Chemical UK. The PTA and PET assets at Wilton will give KP a manufacturing base in Europe, which could be fantastic news for them if markets improve. PET and PTA […]

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KP Chemicals nears deal for Wilton Artenius assets

South Korea’s KP Chemicals will buy the PTA and PET assets of bankrupt Artenius UK at Wilton, northeast UK within the next few weeks, a source familiar with the deal has told me.Journalists at ICIS have been working hard to get KP Chemicals or people from Artenius’ administrators, Deloitte, to confirm strong market rumours over […]

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Wilton rescue a step closer, Dow plant probably still to close

At last it seems like the folks in charge at Wilton and those in high places at a national level may have generated a rescue plan with some teeth. But is it too little, too late, for the Dow ethylene oxide (EO), ethylene glycol (EG) plant up there?Individual segments of a ten point plane have […]

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Yet another Wilton, Teesside rescue plan?

Former Synetix (bought by Johnson Matthey in 2001) boss Bob Coxon, who heads up the North-east Science and Industry Council, is to conduct a review of the options for the Wilton, Teesside chemical complex.The blog wonders if there are simply too many well-meaning public, semi-public and private groups vying to find a solution for the […]

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Dow confirms closure plan

US group Dow Chemical has insisted it is pressing ahead with plans to close the site in January. According to nebusiness.co.uk, a consultation period has come to an end and 55 jobs are at risk.The news seems to confirm what Stan Higgins at NEPIC (North East Process Industry Cluster) and the UK government told me […]

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Mandelson, Dow, Third Coast negotiating over Wilton?

Colleagues returning from the EPCA conference in Berlin spotted Third Coast executives entering a meeting with people from Dow Chemical. Could it be that the two companies are negotiating together with direct input from UK business secretary, Peter Mandelson, to rescue Dow’s ethylene oxide/ethylene glycol plant at Wilton, Teesside?This would explain why Stan Higgins, CEO […]

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Mystery of Third Coast Chemicals’ Wilton rescue plan

On Sunday ICIS reported that US-based Third Coast Chemicals was negotiating a takeover of the Dow Chemical ethylene oxide/ethylene glycol (EO/EG) site at Wilton, UK, scheduled for closure in January 2010.We’d got confirmation of a Sunday Times report from Martin Staley, EMEA vice president for Third Coast who told ICIS: “We’re working with the North […]

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Wilton rescue for Dow EO/EG plant by Third Coast Chemical

The Sunday Times reported yesterday that US producer Third Coast Chemicals is in talks to take over the Dow ethylene oxide and ethylene glycol facility at Wilton.This would be excellent news for Wilton and the UK chemical industry in general.The Dow plant was the UK’s only producer of EO/EG and it is dangerous to transport. […]

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Wilton, Teesside Sabic LDPE plant set for September startup

Sabic will be hoping demand grows quickly to soak up production from its new low density polyethylene (LDPE) chemical plant at Wilton, Teesside, UK.This long-delayed project is now scheduled for startup in September, according to the UK’s Institute of Chemical Engineers.With all the other chemical plant closures at the UK site, Saudi Arabia’s Sabic will […]

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Another blow for Teesside chemicals; more Artenius layoffs

More workers at the Wilton, Teesside chemical site were laid off last week after administrators Deloitte decided to mothball the PET plant belonging to Artenius, the UK division of La Seda de Barcelona which is cutting costs.A further 58 workers have been axed from a Teesside chemical plant which went into administration last month, according […]

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