The project reportedly represents the single-largest capital investment in LyondellBasell’s history.
Fluor Corp. was selected by LyondellBasell to perform the engineering and procurement for its propylene oxide and tertiary butyl alcohol project near Houston.
Accella has annualized revenue of approximately $430 million and operates from 10 manufacturing facilities and seven R&D laboratories.
Arsenal Capital Partners recently announced that it has signed a definitive agreement to sell Accella Performance Materials to Carlisle Companies Inc. for $670 million.
The estimated 95 billion lbs. of coating produced worldwide in 2017 will consume 92% of the additive volume and the 8.4 billion lbs. of ink the remainder.
Global consumption of the five leading additives in coatings and inks in 2017 is a projected 2.7 billion lbs., worth over $5 billion.
Chase Corp., which was sold at the end of July 2017, accounted for $0.9 million of sales in this year's third quarter and $5 million in last year's comparable quarter.
OMNOVA Solutions Inc. recently announced net sales for the third quarter were $200.9 million, up 2.7% from last year's $195.6 million.