Abstract
Dow has agreed to sell its Institute, West Virginia, complex—including its acetone derivatives business—to Altivia for an undisclosed sum. With the acquisition, Altivia will take on the largest North American facility for ketones and carbinols, used primarily as solvents for nitrocellulose and other cellulose ethers and for various resins. “Acquiring this facility and associated technology provides downstream expansion for Altivia’s acetone production capacity and access to global markets for acetone derivatives,” Altivia CEO J. Michael Jusbasche says in a statement. “Additionally, the Institute Industrial Park’s excess capacity of utilities and services provide options to install additional chemical production for a fraction of the cost of alternatives.” The 185-hectare site on the Kanawha River was originally owned by Union Carbide, which operated a methyl isocyanate facility comparable to the plant that exploded in Bhopal, India, in 1984. The sale by Dow, which has owned the site since 2015, marks the fourth
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
