First US site for Oleon
Oloechemicals specialist Oleon has acquired a blending plant in Conroe in the Houston area of Texas, its first in North America. The company said that this will be “the cornerstone for its industrial activity in the Americas with an expected initial investment of more than $50 million”. The company has other sites in Belgium, Germany, France and Malaysia.
The plant will start up in 1H 2023 by offering warehousing and blending services for the various markets in which Oleon is active, including lubricants, oil and gas, crop protection and general industrial applications. An investment is under way to provide esterification capabilities as of 2024, with further expansion possible in the future.
“We strongly believe in the development of the North American market, not only due to its size, but also due to availability of important raw materials. The global supply chain crisis of the last two years has also reiterated the importance of producing close to the customer”, said managing director Jeroen Dirckx.