Braskem acquires propylene assets of Marcus Hook plant, US
Thermoplastic resin producer Braskem has acquired the propylene splitter assets at Sunoco's former refinery in Marcus Hook, Pennsylvania, US.
The resin producer has also secured feedstock supply from multiple sources that ensures the continuing operations of the refinery.
Braskem, which produces more than 35 billion pounds of thermoplastic resins and other petrochemicals each year, will use the splitter assets to process propylene for use in its adjacent polypropylene plant.
Fernando Musa, Braskem America CEO, said: "We are very pleased to complete this transaction and to bring certainty to our clients, employees and the local community regarding the future of operations at our Marcus Hook site."
Braskem said that the acquisition is aimed at preserving the viability of its Marcus Hook polypropylene facility for the future, in addition to strengthening the company's presence in the North American petrochemical market. The company has five polypropylene production plants in the US.
In September 2011, Braskem acquired Dow Chemical Company's polypropylene business from The Dow Chemical Company, acquiring two manufacturing plants in the US and two in Germany, with a total annual polypropylene production capacity of 1.05 million tons.