Independent infrastructure manager Ancala has acquired a portfolio of pipeline-connected sites and storage facilities for the production, storage and transportation of critical chemical intermediates from Hexion, a global producer of adhesives and performance materials and an American Securities portfolio company.
The portfolio of sites will be operated by Valentra, a new company created with associates from the former division that operated the sites at Hexion. Valentra’s assets are located in Baytown, Texas; Luling, La.; and Geismar, La.
Valentra’s facilities are among the largest pipeline suppliers for methanol-based raw materials, including formalin, in the U.S. Gulf Coast. They are situated on major chemical parks to ensure manufacturers have access to a dependable, high-quality and cost-efficient supply of critical chemical intermediates. The sites supply intermediates directly via pipeline to colocated chemical plants and also support wider industrial demand
