HOUSTON (Updated June 7, 12:40 p.m. ET) — Kuraray America Inc. plans to build a new plant making polyvinyl alcohol (PVOH) resins in LaPorte, Texas.
The plant would open in late 2014 and would have annual production capacity of almost 90 million pounds, officials said in a June 5 news release from Houston-based Kuraray America, a subsidiary of Tokyo-based industrial conglomerate Kuraray Group.
Kuraray America is receiving funding from the Texas Enterprise Fund and a tax abatement from Harris County for the project. Recent development of shale gas - which can be used as a plastic feedstock - throughout North America factored into Kuraray America's decision to build the new plant, officials said.
Kuraray's Septon Co. of America unit also makes styrenic block copolymers at a plant in Pasadena, Texas.