TPC Group Commences Engineering to Expand Polyisobutylene Capacity
HOUSTON, Feb. 7, 2013 (GLOBE NEWSWIRE) -- TPC Group Inc. (TPC), a leading
fee-based processor and service provider of value-added products derived from
niche petrochemical raw materials, announced today that it has commenced
engineering to expand production capacity of polyisobutylene (PIB) to meet its
TPC uses proprietary technology to produce both highly reactive PIB (HR-PIB)
products, which are used in lubricant and fuel additives, and PIB products for
conventional applications such as adhesives, caulks, sealants, and coatings.
TPC technology is unique in that it can produce both types of products in a
wide range of molecular weights within the same unit, which offers the Company
an unrivaled ability to meet the needs of a growing market.
The need for a capacity expansion is driven by the growing demand for HR-PIB
due to upcoming changes in the technical standards for lubricating oils that
favor use of HR-PIB based dispersants, as well as an increasing demand for the
wide variety of other end uses, including automotive sealants and industrial
lubricants. TPC has commenced engineering to expand the Company's existing
capacity to meet this growing need.
"TPC Group is committed to maintaining its position as the premier supplier of
PIB in North America," said President and CEO Michael McDonnell. "As the
leading merchant producer of PIB, we are focused on meeting the needs of our
customers for high quality products delivered through our extensive logistics
network. We back our commitment to our customers with the security of multiple
production units and multiple sources of feedstock supply, including our own
isobutylene production unit targeted for startup in 2014."
TPC Group first entered the PIB market in May 2000 with the startup of its
patented process to produce a wide range of PIB products. Since that time, the
company has grown significantly through multiple expansions to become the
largest producer in North America. TPC supplies the market from its Houston
production facility as well as product terminals in Houston and near Chicago,
About TPC Group
TPC Group Inc. is a leading producer of value-added products derived from
niche petrochemical raw materials such as C4 hydrocarbons, and provider of
critical infrastructure and logistics services along the Gulf Coast region.
TPC Group sells its products into a wide range of performance, specialty and
intermediate markets, including synthetic rubber, fuels, lubricant additives,
plastics and surfactants. Headquartered in Houston, Texas, with an operating
history of over 68 years, TPC Group has manufacturing facilities in the
industrial corridor adjacent to the Houston Ship Channel, Port Neches and
Baytown, Texas and operates a product terminal in Lake Charles, Louisiana. For
more information, visit the Company's website at http://www.tpcgrp.com.
The TPC Group logo is available at
CONTACT: Sara Cronin
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