Huntsman completes scheduled maintenance at Poirt Neches, Texas Huntsman announced that it has successfully completed the scheduled maintenance of its olefins and ethylene oxide facilities in Port Neches, Texas. This type of heavy maintenance occurs once every four years. The facilities are now operating at normal rates. The maintenance outage took longer than originally anticipated as a result of start up issues and adverse weather conditions. The impact of the prolonged start up on first quarter 2013 EBITDA is $10M more than our earlier guidance. The total estimated impact on first quarter 2013 EBITDA is approximately $55M.
Huntsman gets final EU approval for acquisition of Rockwood's additives business Huntsman (HUN) announced that it has received final clearance and approval from the European Commission to acquire the Performance Additives and Titanium Dioxide businesses of Rockwood Holdings (ROC). The acquisition is expected to close October 1, 2014.