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VOLUME XXI

September 14, 2023

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Dow to build MDI distillation and prepolymers facility in Freeport

Marcy de Luna, Houston ChronicleJune 9, 2021Updated: June 9, 2021 11:29 a.m. Comments

This Thursday, Dec. 10, 2015 photo shows a Dow Chemical plant in La Porte, Texas where a poisonous gas leak killed four workers. The plant has since closed.
This Thursday, Dec. 10, 2015 photo shows a Dow Chemical plant in La Porte, Texas where a poisonous gas leak killed four workers. The plant has since closed.Pat Sullivan, STF / Associated Press

The chemical maker Dow said Wednesday that it will build a methylene diphenyl isocyanate distillation and prepolymers facility at its manufacturing site in Freeport, and shut down its polyurethane assets at the company’s La Porte site.

Methylene diphenyl isocyanate is a chemical used primarily to manufacture polyurethane. Polyurethanes are used in foams, insulation, textiles and automotive manufacturing.

Upon completion of the new Freeport MDI facility in 2023, the company will shut down its polyurethane assets at the La Porte site, according to the release. 

Dow, headquartered in Michigan, operates a facility in Deer Park as well as the 139-acre facility in La Porte, which has 225 Dow employees.

In 1985, Dow purchased the La Porte facility, built in 1960 by the Carwin Company of North Haven, Conn., to produce isocyanates, used in the production of automobiles, boats, athletic footwear, home insulation, appliances, clothing, ice chests, cosmetics, pet food, pharmaceuticals, toothbrushes, dyes, paints and vitamins.

In 1962, the La Porte facility was purchased by the Upjohn Company and expanded to include polyurethane production. 

 Jane Palmieri, president of Dow’s Industrial Intermediates & Infrastructure operating segment, said in the release that the integration of MDI at the company’s Freeport site “creates a cost competitive supply of key upstream polyurethane raw materials, ensures a reliable supply position to support our growth in downstream high-value polyurethane markets and delivers a more sustainable production process.”

 Palmieri also said the investment further enables Dow to support downstream systems customers’ growth.

https://www.houstonchronicle.com/business/energy/article/Dow-build-MDI-distillation-prepolymers-Freeport-La-16235527.php

Dow to build MDI distillation and prepolymers facility in Freeport, Texas

Capacity to support and advance downstream systems growth in construction, consumer, and industrial systems markets; Dow to exit and shut down its polyurethane assets at La Porte, Texas operations

Midland, Mich. – June 09, 2021 – Dow (NYSE: DOW) announced today plans to build an integrated MDI distillation and prepolymers facility at its world-scale manufacturing site in Freeport, Texas. This investment supports increasing demand for downstream polyurethane systems products and advances Dow’s leading positions in attractive applications in construction, consumer, and industrial markets that are growing above GDP.

The new Freeport MDI facility will replace Dow’s current North America capacity in La Porte, Texas, and will also be capable of supplying an additional 30 percent of product to Dow’s customers. In coordination with the start-up of the new MDI facility, expected in 2023, Dow will shut down its polyurethane assets at the La Porte site.

“This MDI investment optimizes our existing asset infrastructure and enhances our global polyurethanes leadership position, further enabling us to support downstream systems customers’ growth,” said Jane Palmieri, president of Dow’s Industrial Intermediates & Infrastructure operating segment. “The back integration at the Freeport site creates a cost competitive supply of key upstream polyurethane raw materials, ensures a reliable supply position to support our growth in downstream high-value polyurethane markets and delivers a more sustainable production process.”

The new facility in Freeport will reduce Dow’s carbon footprint and water usage by:

  • eliminating the need for the generation of thermal power by utilizing existing thermal energy from the Freeport site,
  • reducing water intake and wastewater discharge (through production efficiencies), and
  • eliminating the need for transport of raw materials.

Dow’s extensive Polyurethane Systems franchise upgrades key polyurethane components in order to produce rigid, semi-rigid and flexible foams, and coatings, adhesives, sealants, elastomers and composites for applications that range from industrial and infrastructure solutions, to consumer comfort solutions in flooring, furniture, bedding and footwear, to automotive solutions for vehicle interior, and energy-efficient insulation materials.

https://corporate.dow.com/en-us/news/press-releases/dow-building-mdi-distillation-and-prepolymers-facility-freeport-texas.html

Dow to build MDI distillation and prepolymers facility in Freeport

Marcy de Luna, Houston ChronicleJune 9, 2021Updated: June 9, 2021 11:29 a.m. Comments

This Thursday, Dec. 10, 2015 photo shows a Dow Chemical plant in La Porte, Texas where a poisonous gas leak killed four workers. The plant has since closed.
This Thursday, Dec. 10, 2015 photo shows a Dow Chemical plant in La Porte, Texas where a poisonous gas leak killed four workers. The plant has since closed.Pat Sullivan, STF / Associated Press

The chemical maker Dow said Wednesday that it will build a methylene diphenyl isocyanate distillation and prepolymers facility at its manufacturing site in Freeport, and shut down its polyurethane assets at the company’s La Porte site.

Methylene diphenyl isocyanate is a chemical used primarily to manufacture polyurethane. Polyurethanes are used in foams, insulation, textiles and automotive manufacturing.

Upon completion of the new Freeport MDI facility in 2023, the company will shut down its polyurethane assets at the La Porte site, according to the release. 

Dow, headquartered in Michigan, operates a facility in Deer Park as well as the 139-acre facility in La Porte, which has 225 Dow employees.

In 1985, Dow purchased the La Porte facility, built in 1960 by the Carwin Company of North Haven, Conn., to produce isocyanates, used in the production of automobiles, boats, athletic footwear, home insulation, appliances, clothing, ice chests, cosmetics, pet food, pharmaceuticals, toothbrushes, dyes, paints and vitamins.

In 1962, the La Porte facility was purchased by the Upjohn Company and expanded to include polyurethane production. 

 Jane Palmieri, president of Dow’s Industrial Intermediates & Infrastructure operating segment, said in the release that the integration of MDI at the company’s Freeport site “creates a cost competitive supply of key upstream polyurethane raw materials, ensures a reliable supply position to support our growth in downstream high-value polyurethane markets and delivers a more sustainable production process.”

 Palmieri also said the investment further enables Dow to support downstream systems customers’ growth.

https://www.houstonchronicle.com/business/energy/article/Dow-build-MDI-distillation-prepolymers-Freeport-La-16235527.php

Dow to build MDI distillation and prepolymers facility in Freeport, Texas

Capacity to support and advance downstream systems growth in construction, consumer, and industrial systems markets; Dow to exit and shut down its polyurethane assets at La Porte, Texas operations

Midland, Mich. – June 09, 2021 – Dow (NYSE: DOW) announced today plans to build an integrated MDI distillation and prepolymers facility at its world-scale manufacturing site in Freeport, Texas. This investment supports increasing demand for downstream polyurethane systems products and advances Dow’s leading positions in attractive applications in construction, consumer, and industrial markets that are growing above GDP.

The new Freeport MDI facility will replace Dow’s current North America capacity in La Porte, Texas, and will also be capable of supplying an additional 30 percent of product to Dow’s customers. In coordination with the start-up of the new MDI facility, expected in 2023, Dow will shut down its polyurethane assets at the La Porte site.

“This MDI investment optimizes our existing asset infrastructure and enhances our global polyurethanes leadership position, further enabling us to support downstream systems customers’ growth,” said Jane Palmieri, president of Dow’s Industrial Intermediates & Infrastructure operating segment. “The back integration at the Freeport site creates a cost competitive supply of key upstream polyurethane raw materials, ensures a reliable supply position to support our growth in downstream high-value polyurethane markets and delivers a more sustainable production process.”

The new facility in Freeport will reduce Dow’s carbon footprint and water usage by:

  • eliminating the need for the generation of thermal power by utilizing existing thermal energy from the Freeport site,
  • reducing water intake and wastewater discharge (through production efficiencies), and
  • eliminating the need for transport of raw materials.

Dow’s extensive Polyurethane Systems franchise upgrades key polyurethane components in order to produce rigid, semi-rigid and flexible foams, and coatings, adhesives, sealants, elastomers and composites for applications that range from industrial and infrastructure solutions, to consumer comfort solutions in flooring, furniture, bedding and footwear, to automotive solutions for vehicle interior, and energy-efficient insulation materials.

https://corporate.dow.com/en-us/news/press-releases/dow-building-mdi-distillation-and-prepolymers-facility-freeport-texas.html

Tempur Sealy expands U.S. manufacturing capacity with Indiana plant

Jun. 07, 2021 4:38 PM ETTempur Sealy International, Inc. (TPX)Tempur Sealy International, Inc. (TPX)By: Aakash Babu, SA News Editor

  • Tempur Sealy International (NYSE:TPX) announces that it has selected Crawfordsville, Indiana as the site for its previously-announced third domestic foam-pouring plant as part of its U.S. expansion plans.
  • The new state-of-the-art plant is expected to be the largest Tempur Sealy manufacturing facility in the world.
  • The construction on the 130-acre site is expected to begin in the third quarter of 2021. Construction will be funded from operating cash flow.
  • The first phase is planned for about 700K square feet, with the ability to double its capacity over time and to expand to a final size of ~1M square feet in the future.
  • Production is expected to begin in 2023, and Tempur Sealy plans to hire about 300 local employees to staff the facility.
  • “The facility will have the capabilities to manufacture a wide variety of bedding products and components for branded and non-branded operations, including Tempur-Pedic, Sealy, Stearns & Foster and OEM mattresses,” CEO Scott Thompson said.

https://seekingalpha.com/news/3703900-tempur-sealy-expands-us-manufacturing-capacity-with-indiana-plant?mail_subject=tpx-tempur-sealy-expands-u-s-manufacturing-capacity-with-indiana-plant&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha

Tempur Sealy expands U.S. manufacturing capacity with Indiana plant

Jun. 07, 2021 4:38 PM ETTempur Sealy International, Inc. (TPX)Tempur Sealy International, Inc. (TPX)By: Aakash Babu, SA News Editor

  • Tempur Sealy International (NYSE:TPX) announces that it has selected Crawfordsville, Indiana as the site for its previously-announced third domestic foam-pouring plant as part of its U.S. expansion plans.
  • The new state-of-the-art plant is expected to be the largest Tempur Sealy manufacturing facility in the world.
  • The construction on the 130-acre site is expected to begin in the third quarter of 2021. Construction will be funded from operating cash flow.
  • The first phase is planned for about 700K square feet, with the ability to double its capacity over time and to expand to a final size of ~1M square feet in the future.
  • Production is expected to begin in 2023, and Tempur Sealy plans to hire about 300 local employees to staff the facility.
  • “The facility will have the capabilities to manufacture a wide variety of bedding products and components for branded and non-branded operations, including Tempur-Pedic, Sealy, Stearns & Foster and OEM mattresses,” CEO Scott Thompson said.

https://seekingalpha.com/news/3703900-tempur-sealy-expands-us-manufacturing-capacity-with-indiana-plant?mail_subject=tpx-tempur-sealy-expands-u-s-manufacturing-capacity-with-indiana-plant&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha

June 4, 2021

Huntsman Names CFO

Huntsman Announces Appointment of Phil Lister as CFO

June 04, 2021 4:05pm EDT

Huntsman Announces Appointment of Phil Lister as CFO

THE WOODLANDS, Texas, June 4, 2021 /PRNewswire/ — Huntsman Corporation (NYSE: HUN) today announced the appointment of Phil Lister as Executive Vice President and Chief Financial Officer, effective July 1, 2021. He will replace longtime Company veteran Sean Douglas, who recently accepted a full-time calling to The Church of Jesus Christ of Latter-day Saints. Mr. Lister will report to Huntsman’s Chairman, President and CEO, Peter Huntsman, and will oversee the Company’s Accounting, Financial Reporting, Financial Planning and Analysis, Corporate Development, Information Technology, Internal Audit, Investor Relations, Tax and Treasury functions.

Mr. Lister has spent his entire career at Huntsman or its predecessors, starting in the polyurethanes division of Imperial Chemical Industries, which Huntsman acquired in 1999. He brings to this new role 25 years of experience and an extensive background in financial planning and operations, business management, and strategic development at both divisional and corporate levels, most recently in his current position as Vice President of Corporate Development. As VP, Corporate Development, Mr. Lister successfully completed a series of acquisitions and dispositions critical to the execution of the Company’s key strategic initiatives.  These transactions, valued at more than $3.5 billion, have resulted in a significant transformation of the Company’s portfolio.  

“After an extensive review of both internal and external candidates, we are pleased to announce the appointment of Phil Lister,” Mr. Huntsman said. “As the head of M&A, Phil has been instrumental in executing the Company’s portfolio management strategy. He has completed seven transactions in the past three years, that have allowed us to focus further downstream and on our specialty businesses, reduce our debt, strengthen our balance sheet, and improve our trading multiple. In short, Phil has played and is playing a vital role in the remaking of our business.” 

“As our Company continues to aggressively transform organically and through acquisitions, Phil’s 25 years of experience, knowledge and strategic vision will only strengthen our continuous efforts to create further shareholder value,” Mr. Huntsman added.    

Mr. Lister holds a bachelor’s degree in Business and German from the University of Birmingham, U.K., and is a member of the Chartered Institute of Management Accountants.

https://www.huntsman.com/news/media-releases/detail/484/huntsman-announces-appointment-of-phil-lister-as-cfo