Georgia Gulf plans buy stake in jointly-owned ethylene plant

Georgia Gulf plans to buy stake in jointly-owned ethylene plant

4:37 AM, 9th November 2012
Georgia Gulf plans to buy stake in jointly-owned ethylene plant

ATLANTA, US: Georgia Gulf Corp will consider buying a stake in a jointly-owned ethylene plant to meet its raw-material needs. The Atlanta-based company has had ‘quite a few discussions’ about its goal of securing 50 per cent of its ethylene requirements at cost, said Paul Carrico, Chief Executive Officer, Georgia Gulf.

The company plans to invest in a ‘condo cracker,’ an ethylene plant owned by more than one company, to make the investment in order to get to the position it is trying to target, said Carrico to Bloomberg News.

© WOC News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Foster Wheeler bags RIL’s paraxylene plant contract in Jamnagar, India

ZUG, SWITZERLAND/MUMBAI, INDIA: Subsidiaries of Foster Wheeler have been awarded a contract by Reliance Industries Limited (RIL) for the provision of ...

Read more
Iran removes ban on petrochemicals export

TEHRAN, IRAN: Rostam Qasemi, Oil Minister, Iran has lifted a ban on the export of petrochemicals and issued an order detailing new regulations for pet ...

Read more
Lawsuit against Synagro for illegally dumping chemicals

PHILADELPHIA, US: Two former supervisors for a city waste contractor have alleged in a lawsuit that the firm illegally dumped chemicals, violated anti ...

Read more
Quantum jumps of electrons changes colour of the gaps

CAMBRIDGE, UK: Even empty gaps have a colour. Now scientists have shown that quantum jumps of electrons can change the colour of gaps between nano-siz ...

Read more
La Seda to sell PET plants to raise new capital

LONDON, UK: Spanish polyethylene terephthalate producer La Seda de Barcelona may sell its PET plants to raise new capital if it cannot attract a minor ...

Read more
New microfluidic chip developed, detects microRNA in 20 minutes

SAITAMA, JAPAN: A new power-free microfluidic chip developed by researchers at the RIKEN Advanced Science Institute (ASI) enables detection of microRN ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X