Formosa Plastics USA said on Friday that it is closing a specialty polyvinyl chloride (PVC) resin plant in Delaware at the end of September and will decommission the site by year-end.
The closure of the Delaware City, Delaware plant will affect about 100 workers, the company said in a prepared statement.
The 50-year-old facility has a nameplate capacity of about 65,000 tonne/year of dispersion-grade resins, used for flexible applications of PVC, such as floor tile, sealants and other uses.
Those operations will now be performed at the company’s Point Comfort, Texas complex with a capacity of 850,000 tonne/year. Point Comfort is a new and more efficient plant with recent expansions, the company said in its statement, declining further comment.
US market participants said that the closure of the plant has been expected, but that it took longer to prepare the Point Comfort production than anticipated.
The 400-acre (162-ha) site in Delaware City has been the site of pollution complaints.
Beside, Formosa, major US PVC producers include Occidental Chemical, Westlake Chemical and Shintech.
By Bill Bowen
Source: ICIS News
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).
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.
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?