In early buying and selling Tuesday, shares of Olin (NYSE:) Company noticed a 4% decline following an announcement from The Chemours Firm (NYSE:). Chemours has revealed PCC Group's plan to construct and function a chlor-alkali manufacturing facility on the positioning of its titanium dioxide (TiO2) plant situated in DeLisle, Mississippi. The chlorine provide settlement between PCC and Chemours is topic to prior compliance with sure normal situations.
The upcoming facility is anticipated to include cutting-edge know-how geared toward optimizing power effectivity and is anticipated to have an annual design capability of 340,000 metric tons as soon as operational. Along with chlorine, the plant will produce caustic soda as a co-product, which PCC intends to promote to key companions and on the open market.
The development section of the chlor-alkali plant is anticipated to start in early 2026 and the power is anticipated to be totally operational by 2028.
A Keybanc analyst mentioned the creation of the brand new Chemours plant may have unfavorable implications for Olin, an organization additionally lively within the chemical trade. The introduction of this new plant is more likely to introduce further competitors into the chlor-alkali merchandise market.
This text was generated with the help of AI and reviewed by an editor. For extra info, seek the advice of our Common Phrases and Circumstances.
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