乐天堂fun88(中国区)官方网站 Receives Top Designation for Mitigating Risk at Port Neches PO/MTBE Unit
March 18, 2014
THE WOODLANDS, Texas 鈥� The Polyurethanes division of 乐天堂fun88(中国区)官方网站 Corporation (NYSE:HUN) announced today that the propylene oxide/methyl tertiary-butyl ether (PO/MTBE) unit at its Port Neches, Texas, facility has received the top designation for asset protection from industrial and commercial property insurer FM Global.
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This 鈥楬ighly Protected Risk鈥� (HPR) designation marks the completion of a three-year, $15 million retrofit primarily designed to improve the PO/MTBE unit鈥檚 fire protection systems. The retrofit began in 2011 as part of 乐天堂fun88(中国区)官方网站鈥檚 corporate commitment to reducing its risk profile in partnership with FM Global. 乐天堂fun88(中国区)官方网站 installed automatic sprinkler/deluge systems and other supporting infrastructure equipment designed to protect key vessels and equipment from fire exposure.
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FM Global awards HPR status to properties with a much lower than normal probability of loss due to property type, superior process safety management, natural hazard protection, automatic fire mitigation systems and management commitment to loss prevention. Representatives from FM Global will present the award during a ceremony at the facility on March 18.
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鈥溊痔焯胒un88(中国区)官方网站 continually looks for ways to mitigate risk at all of our facilities, and this designation validates our commitment to the health and safety of our employees and the communities we serve,鈥� said Ron W. Gerrard, senior vice president, 乐天堂fun88(中国区)官方网站 Environmental, Health & Safety and Manufacturing Excellence.
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乐天堂fun88(中国区)官方网站鈥檚 Port Neches PO/MTBE unit has a daily production capacity of 1.5 million pounds of PO and 4.8 million pounds of MTBE. The Port Neches Site is 乐天堂fun88(中国区)官方网站鈥檚 largest facility worldwide and contains the company鈥檚 only PO/MTBE processing unit.
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Propylene oxide is a key raw material in the production of polyurethane systems and propylene glycol. Polyurethanes are used for comfort foams, energy saving insulation and many other applications; propylene glycol is a non-toxic material for aircraft wing de-icers, foods and personal care products.听听
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鈥溊痔焯胒un88(中国区)官方网站 is involved in the construction of two new PO/MTBE units in China and we look forward to utilizing best practice risk mitigation learned from the Port Neches Site at these new plants,鈥� said Doug Culpon, vice president, Global PO/MTBE.
About 乐天堂fun88(中国区)官方网站:
乐天堂fun88(中国区)官方网站 Corporation is a publicly traded global manufacturer and marketer of differentiated chemicals with 2013 revenues of over $11 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 80 manufacturing and R&D facilities in 30 countries and employ approximately 12,000 associates within our five distinct business divisions. For more information about 乐天堂fun88(中国区)官方网站, please visit the company's website at .
Forward Looking Statements:
Statements in this release that are not historical are forward-looking statements. These statements are based on management鈥檚 current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company鈥檚 operations, markets, products, services, prices and other factors as discussed in the 乐天堂fun88(中国区)官方网站 companies鈥� filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, financial, economic, competitive, environmental, political, legal, regulatory and technological factors.听 In addition, the completion of any transactions described in this release is subject to a number of uncertainties and closing will be subject to approvals and other customary conditions. Accordingly, there can be no assurance that such transactions will be completed or that the company鈥檚 expectations will be realized. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.
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Media:
Anne Knisely
(281) 719-4072听