Huntsman Corp., Salt Lake City, will sell its U.S. basic chemicals and polymers business to Flint Hills Resources, Wichita, Kan., sub. of Koch Industries Inc.
Huntsman Corp., Salt Lake City, will sell its U.S. basic chemicals and polymers business to Flint Hills Resources, Wichita, Kan., sub. of Koch Industries Inc. The divestiture includes ethylene, propylene, PE, PP, and EPS bead. Flint Hills will acquire a 200-million-lb EPS plant in Peru, Ill.; almost 800 million lb of LDPE and LLDPE capacity at Odessa, Texas; and 1.085 billion lb of PP capacity in Odessa and Longview, Texas, and Marysville, Mich. Koch’s other plastics holding is Invista, which includes the former KoSa PET business.
PE properties can be adjusted either by changing the molecular weight or by altering the density. While this increases the possible combinations of properties, it also requires that the specification for the material be precise.
Trajectory is generally flat-to-down for all commodity resins.
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