CROSBY– ALTIVIA Oxide Chemicals, LLC, an affiliate of ALTIVIA Petrochemicals, Monday announced that it acquired KMCO LP on Friday and its associated chemical ethoxylation manufacturing assets, according to the company in a June 1 press release.
KMCO LP was bought from bankruptcy and the price was low except for over $600,000 of property taxes and millions of dollars in liabilities to creditors.
“ALTIVIA plans a $25 million process safety and control systems upgrade to the facilities and will start production in two new oxide reactors by the end of this year.” the release stated.
“We have completed a detailed evaluation of these assets and are looking forward to starting production by year end. The reaction chemistries in Crosby are complementary to ALTIVIA’s current product offerings and will provide our customers important sourcing options,” said ALTIVIA’s Chief Executive Officer J. Michael Jusbasche. “The market for oxylation tolling and custom manufacturing services will now have available a state-of-the-art facility in the U.S. Gulf Coast.”
The facilities, located on 160 acres near Houston, include 31 reaction and distillation trains with capacity for Ethylene and Propylene Oxide reactions as well as a broad range of organic reactions including polymerization, neutralization, and condensation. Products include surfactants, lubricant additives, fuel additives, and a variety of ethoxylation and propoxylation based intermediates. Its products service the coatings, automotive, fuels and lubricants, and surfactant industries.
An explosion April 2, 2019 killed one worker and injured dozens of others, two critically. That following a series of renovations to make the plant more safe and neighbor friendly including putting generators atop telephone poles and other seemingly excentric safety measures. None of those measures stayed the hand of Harris County and individuals that filed suit. A previous fire related mishap killed an OSHA worker. (more…)