Industry News

Union Carbide to Invest in Texas City Site

Published on 2005-02-03. Author : SpecialChem

Midland, MI -- Union Carbide Corporation, a wholly owned subsidiary of The Dow Chemical Company, announced that it will undertake a multi-year spending program to make capital improvements in support of Dow's Solvents & Intermediates business. The modernization will improve the reliability of the Isopropanol and Oxo production facilities at the site and increase Isopropanol capacity by 40 million pounds.

"Our Solvents & Intermediates business is not only a significant supplier to the paints and coatings industry, it also supplies important raw materials used in the production of a variety of Dow products," says Ted Cosse, vice president for Acrylics, Solvents & Intermediates. "This investment represents a long-term commitment to our industry, our customers, and Texas City."

"As a result of this investment, we will be able to further improve the reliability of our operations," says Pat Gottschalk, global business director, Solvents & Intermediates. "The resulting 40-million pound Isopropanol capacity increase is needed to satisfy the growing needs of our customers."

This is the final authorization for a capital spending program that began in late 2002. The investment will fund capital improvements over a period of three years beginning in 2005, and will continue until 2007. The project is expected to add 200 contractor jobs during the construction period.

Solvents & Intermediates offers one of the industry's broadest product lines to the paint and coatings market, and it also serves the cosmetics and personal care products, adhesives, household and institutional products, pharmaceuticals, fuel and lube oil additives, and agricultural chemicals markets. The business operates plants in the United States at Union Carbide sites in Texas City; Taft, La.; and Institute, West Va., and participates in a joint venture for butanol and butyl acetate through OPTIMAL in Malaysia.

Dow is a leader in science and technology, providing innovative chemical, plastic and agricultural products and services to many essential consumer markets. With annual sales of $40 billion, Dow serves customers in 175 countries and a wide range of markets that are vital to human progress: food, transportation, health and medicine, personal and home care, and building and construction, among others. Committed to the principles of sustainable development, Dow and its 43,000 employees seek to balance economic, environmental and social responsibilities. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.

Source: Dow

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