ExxonMobil purchases Lion SBR plant in Louisiana
US chemical company ExxonMobil has acquired the Lion Copolymers facility in Baton Rouge, Louisiana, for $5.6 million. The deal, which closed August 15, includes the styrene butadiene rubber (SBR) plant and three tracts of land that account for 94 acres.
The facility is next to ExxonMobil’s chemical site, which includes a cracker and butadiene (BD) extraction unit. BD is a major feedstock for SBR and other synthetic rubbers. However, ExxonMobil said it has no plans to restart SBR production at the plant, which was closed in March.
An ExxonMobil spokesperson told media: “While the additional acreage presents unique synergies with our integrated complex and helps to position ExxonMobil Chemical assets for potential future investments, there are no plans for continuing current production operations and no immediate plans for new projects at this facility.” Lion had acquired the SBR production site, which also makes nitrile butadiene rubber (NBR), in May from synthetic rubber manufacturer East West Copolymer. East West shut the plant in March and filed for bankruptcy in April.