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IPP acquires high-purity natural gas liquefied paraffin plant

 Last Update: 2022-01-23
 Source: Internet
 Author: User

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IPP is looking for investors to take over or participate in the joint venture

IPP are looking for investors to take over or participate in the joint venture IPP are looking for investors to take over or participate in the joint venture

PRINCETON, NJ, Jan.

The plant converts natural gas into 1,100 barrels a day of high-purity Fischer-Tropsch wax, which is used in adhesives, coatings, construction materials and consumer products including cosmetics

IPP is part of a global group that acquires defunct chemical, petrochemical, fertilizer, polymer and pharmaceutical assets and manufacturing sites

Ron Gale, President of IPP, said: "We are very excited to continue the GTL paraffin project in West Lake City

Ross Gale, Vice President and Director of Acquisitions at IPP added: "With the previous owners investing more than $400 million in this project, this sale is unique in the North American high-purity, low-carbon footprint GTL paraffin market at an extremely low cost of capital.

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