Solutia, JLM Industries drop plans for benzene-to-phenol plant


By the OGJ Online Staff

HOUSTON, July 31 -- Solutia Inc., St. Louis, Mo., and JLM Industries Inc., Tampa, Fla., agreed to end an agreement to build a benzene-to-phenol plant at Solutia's Pensacola, Fla., facility.

The companies agreed to terminate the planned project because of "current dynamics in the global market for phenol." They plan to pursue separate strategies in the phenol market.

The site would have used a Solutia proprietary technology.

"Solutia started up a new phenol to [ketane alcohol] oil facility at Pensacola earlier this year," said Mike Berezo, director of Nylon Intermediates at Solutia.

"And we may certainly decide to explore benzene to phenol production in the future, should the market dynamics change."

John Macdonald, chairman and CEO of JLM Industries, said the company concurs with the decision and is pleased with its other commercial relationships with Solutia.

Related Articles

Idemitsu Kosan restarts ethylene unit, permanently idles crude unit

03/26/2014 Idemitsu Kosan Co. Ltd. has restarted operations at its Tokuyama petrochemical complex in Japan after an earthquake off the island of Kyushu result...

BASF-Total venture starts up 10th furnace at Port Arthur steam cracker

03/24/2014

BASF Total Petrochemicals LCC (BTP) reported the startup of a 10th furnace at its steam cracker facility in Port Arthur, Tex.

Flint Hills settles Port Arthur pollution case

03/20/2014 Flint Hills Resources (FHR) has reached a settlement with the US federal government to implement innovative technologies to control harmful air pol...

WoodMac: Global ethylene demand, production on the rise

03/20/2014 Ethylene-producing assets that have access to low-cost natural gas feedstocks, such as the ones in North America, will lead the competition in glob...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected