Sector News

ALTIVIA acquires Axiall’s specialty Phosgene derivatives business

September 11, 2015
Chemical Value Chain

/PRNewswire/ – ALTIVIA today announced that it has signed a definitive agreement to acquire the Specialty Phosgene Derivatives business’ assets from Axiall Corporation (NYSE: AXLL). The transaction includes Axiall’s chemical production facilities located in La Porte, Texas. As part of the acquisition, ALTIVIA will hire the 120 employees who operate the facility.

The La Porte chemical plant is the largest North American production facility of merchant phosgene derivatives, including chloroformates and acid chlorides, which are products utilized in agricultural, pharmaceutical and industrial applications.

The La Porte facility also includes several trains of specialized reactors to conduct continuous as well as batch reactions, utilizing on site produced phosgene.

“This acquisition creates sufficient scale to enable ALTIVIA to compete globally,” said ALTIVIA Chief Executive Officer J. Michael Jusbasche. “We now have state of the art facilities with an excellent safety record and an experienced research and development team that will enable us to produce new products for specialized applications.”

“As we refine our portfolio, we are pleased to reach an agreement with ALTIVIA, where we believe our phosgene business will be a better strategic fit,” said Axiall President and CEO Paul Carrico. “Axiall will provide transition services to ALTIVIA to help its experienced management team achieve a smooth assumption of the business.”

Source: ALTIVIA

comments closed

Related News

September 25, 2022

France and Sweden both launch ‘first of a kind’ hydrogen facilities

Chemical Value Chain

France has launched an offshore green hydrogen production platform at the country’s Port of Saint-Nazaire this week, along with its first offshore wind farm. The hydrogen plant, which its operators say is the world’s first facility of its type, coincides with the launch of another “first of its kind” facility in Sweden dedicated to storing hydrogen in an underground lined rock cavern (LRC).

September 25, 2022

NextChem announces €194-million grant for waste-to-hydrogen project in Rome

Chemical Value Chain

The project sets up the Hydrogen Valley in Rome, the first industrial-scale technological hub for the development of the national supply chain for the production, transport, storage and use of hydrogen for the decarbonization of industrial processes and for sustainable mobility.

September 25, 2022

The problem with hydrogen

Chemical Value Chain

At first glance, hydrogen seems to be the perfect solution to our energy needs. It doesn’t produce any carbon dioxide when used. It can store energy for long periods of time. It doesn’t leave behind hazardous waste materials, like nuclear does. And it doesn’t require large swathes of land to be flooded, like hydroelectricity. Seems too good to be true. So…what’s the catch?