Texas based ALTIVIA Ketones & Additives an affiliate of ALTIVIA Petrochemicals will acquire Dow’s Acetone Derivatives Business and associated chemical manufacturing assets at Institute, West Virginia, as well as the Institute Industrial Park.
Details are provided below:
- The Acetone Derivatives Business manufactures Ketones and Carbinols, used primarily in the coatings, adhesive and pharmaceutical industries.
- “Acquiring this facility and associated technology provides downstream expansion for ALTIVIA’s acetone production capacity and access to global markets, for acetone derivatives,” said ALTIVIA’s Chief Executive Officer J.
- Michael Jusbasche. “Additionally, the Institute Industrial Park’s excess capacity of utilities and services provide options to install additional chemical production for a fraction of the cost of alternatives.”