Advertisement

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Business

Sunoco Phenol Plant Going To Honeywell

by Alexander H. Tullo
May 23, 2011 | A version of this story appeared in Volume 89, Issue 21

Furthering its effort to exit the chemicals business, Sunoco is selling its phenol plant in Philadelphia—also known as the Frankford facility—to Honeywell International for $85 million. The plant has an annual capacity of more than 1 billion lb of phenol and 700 million lb of acetone via the oxidation of cumene. Sunoco acquired the plant in 1998 from Honeywell predecessor AlliedSignal. Honeywell purchases about 745 million lb of phenol from Sunoco annually to make caprolactam, a nylon 6 raw material. Sunoco will take a charge of between $125 million and $150 million for losses related to the sale. Last year, Sunoco sold its polypropylene business to Brazil’s Braskem. It still operates a plant in Haverhill, Ohio, that makes phenol, acetone, and bisphenol A.

Article:

This article has been sent to the following recipient:

0 /1 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.