Sector News

BASF sells former sterols production plant in Texas to Trecora Resources

May 3, 2016
Chemical Value Chain

BASF sold its former sterols manufacturing facility in Pasadena, Texas, to Trecora Chemical (TC), a wholly owned subsidiary of Trecora Resources, a leading provider of high purity specialty hydrocarbons and waxes.

Both parties agreed not to disclose financial details of the transaction, which closed today. The 6.5-acre BASF plant is adjacent to the 22-acre Trecora Chemical facility, and will be integrated into TC.

The purchase includes production equipment that is similar to TC’s, plus equipment that broadens TC’s capabilities and potential markets. The site also includes substantial storage capacity, several rail and truck loading sites and utility tie-ins to TC. Trecora will rehire some of the BASF operating personnel thereby filling open positions at TC. “This plant expands and diversifies our revenue sources, positions TC to address new markets and allows manufacturing flexibility that will contribute to significant operating efficiencies, enhancing the value of the combined facilities,” said Trecora Resources’ Chief Executive Officer Simon Upfill-Brown.

BASF closed the Pasadena plant in late 2015 and increased the extracted capacity of sterols production at its site in Boussens, France. “Sterols continue to be an important product range in our portfolio for human nutrition,” said Mark Wright, head of BASF Nutrition & Health North America. “The sale of the Pasadena facility to Trecora Resources will bring new vitality to the plant and community.”

Source: Trecora Resources and BASF

comments closed

Related News

November 27, 2022

ICIG to acquire MSSA from Nippon Soda

Chemical Value Chain

International Chemical Investors Group (ICIG) has entered exclusive negotiations with Nippon Soda and made what it said is a “firm and binding offer” to acquire the Japanese group’s offshoot Métaux Spéciaux (MSSA), a sodium metal specialist.

November 27, 2022

FIFA World Cup: Coca-Cola launches 100% recycled PET bottles to promote Qatari recycling

Chemical Value Chain

Aligning with the SC’s key initiatives on responsible plastic recycling, Coca‑Cola Middle East’s pilot of 100% rPET bottles marks the first time the packaging will be in circulation at a FIFA World Cup tournament and serves as Coca‑Cola’s debut in locally producing the bottles in the region.

November 27, 2022

Neste acquires another used-oils business in the U.S.

Chemical Value Chain

Through the transaction, Neste is acquiring a leading UCO collection and recycling business on the US West Coast, covering the collection, logistics and storage of UCO in California, Oregon and Washington. Together with the previous acquisitions (…) the transaction continues to enhance Neste’s global raw materials sourcing platform.