Oxiteno Completes Acquisition of Pasadena, TX Site

Oxiteno (São Paulo) says it has completed its acquisition of Pasadena Property’s (Pasadena, TX) facilities for about $15 million, and will invest another $15 million to retrofit the plant to produce specialties including surfactants, co-surfactants, esters, and agchems. Capacity will increase to 32,000 m.t./year by early 2013. Oxiteno is the chemical subsidiary of the Ultrapar Group (São Paulo).  The plant’s location at Pasadena gives Oxiteno access to competitive natural-gas based raw materials and logistics infrastructure, and the...

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