Bayport Polymers, an affiliate of Total Petrochemicals and Refining USA (TPRI), will become the new owner of TPRI’s polyethylene (PE) business effective 1 January 2018, according to a customer letter obtained by ICIS on Monday.
TPRI is part of the refining and petrochemical business of France-headquartered energy major Total SA.
TPRI produces PE, polypropylene (PP), polystyrene (PS) and base chemicals in facilities spread throughout Texas and Louisiana. TPRI is headquartered in Houston, Texas.
According to the letter, most of TPRI’s business operations will remain largely unchanged despite the name change. Existing agreements with TPRI will be assigned to Bayport Polymers and product names will remain the same.
TPRI operates a 400,000 tonnes/year high density polyethylene (HDPE) plant in Bayport, Texas.
By Zachary Moore
Source: ICIS News
Under the agreement, Agilyx and Technip Energies will collaborate with INEOS Styrolution and together develop the design and engineering that will serve as the basis for constructing the chemical recycling facility. The group anticipates completion of engineering in 2023, which will form the basis for a financial investment decision.
Michael Grun took over as the new CEO and President of the WeylChem Group of Companies. He was most recently employed as M&A advisor at WeylChem owner International Chemical Investors Group (ICIG). He succeeds Uwe Brunk, who has decided to step down from these functions after four and a half years and will in turn support ICIG in its growth projects in the future.
With this acquisition, Brenntag Essentials expands its business into key focus markets in Asia Pacific, including Singapore, Malaysia, Indonesia, and the Philippines. This is an additional step in Brenntag’s ongoing transformation process, driving its stringent execution of the Brenntag Essentials strategy to strengthen local capabilities and market coverage in high growth markets like Asia-Pacific.
