TPC unveils US$265 million project for upgrading of production assets

The board of directors of TPC Group Inc. approved a US$265 million project to refurbish and restart some production assets at its Houston operations for the production of isobutylene feedstock.
TPC Group Inc. is a chemical company that makes products derived from petrochemicals, which are used in a wide range of markets including synthetic rubber, fuels, lubricant additives and plastics.
The company said that US$25 million of the estimated project expense has already been used. Start-up for the project will be in the second half of 2014. The production assets are expected to produce as much as 650 million pounds a year of isobutylene from isobutene. Isobutene is a natural-gas liquids feedstock whose production volumes continue to grow. (September 13, 2012)