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Stepan to Expand Alkoxylation Capacity with U.S. Gulf Coast Investment
21 Oct 2021
Stepan Company (NYSE: SCL) announced that it plans to build and operate a new alkoxylation plant at its existing Pasadena, Texas facility. Alkoxylates are a core surfactant technology critical to the agricultural, oilfield, construction and household end use markets. Stepan's $220.0 million investment is expected to provide a flexible capacity of 75,000 metric tons per year, capable of both ethoxylation and propoxylation, and better position the Company to serve the growing global demand of our Surfactant and Polymer businesses.
"We are excited to expand the alkoxylation capabilities of our North American network at the Pasadena site. This world-scale, state of the art investment will enable Stepan to support the growth in our core markets," said F. Quinn Stepan Jr., Chairman and Chief Executive Officer of Stepan.
The new alkoxylation capacity in Pasadena, Texas is expected to come online in late 2023. When operational it will bring Stepan's alkoxylation network to three plants and position the Company with a footprint in the globally strategic U.S. Gulf Coast.
Corporate Profile
Stepan Company is a major manufacturer of specialty and intermediate chemicals used in a broad range of industries. Stepan is a leading merchant producer of surfactants, which are the key ingredients in consumer and industrial cleaning and disinfection products and in agricultural and oilfield solutions. The Company is also a leading supplier of polyurethane polyols used in the expanding thermal insulation market, and CASE (Coatings, Adhesives, Sealants, and Elastomers) industries.
Headquartered in Northbrook, Illinois, Stepan utilizes a network of modern production facilities located in North and South America, Europe and Asia.
The Company's common stock is traded on the New York Stock Exchange (NYSE) under the symbol SCL. For more information about Stepan Company please visit the Company online at www.stepan.com.
More information about Stepan's sustainability program can be found on the Sustainability page at www.stepan.com.
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