MOSCOW (MRC) -- Olin Corp. (Clayton, Mo.) and Mitsui & Co., Ltd. (Tokyo) announced that the Blue Water Alliance JV, LLP has received all necessary regulatory approvals and it is beginning operations, said Chemengonline.
Announced in March 2022, Blue Water Alliance (BWA) is a joint venture of Olin and Mitsui. BWA brings together Mitsui’s industry-leading global logistics, long-established supplier and customer relationships, and breadth of product portfolio with Olin’s scale, North American export capability, extensive global terminal network, and production flexibility across the electrochemical unit (ECU) portfolio.
Headquartered in Houston, Texas, USA, BWA is an independent global trader of ECU-based derivatives, initially focused on globally traded caustic soda and ethylene dichloride (EDC).
Luiz Pimentel, General Manager, Blue Water Alliance, commented “We’re excited to begin delivering strategic solutions through our integrated global supply, trading, marketing, and logistic capabilities. We aim to enable reliable caustic soda and EDC supply through an efficient, sustainable, and cost-effective approach while accelerating industrial decarbonization efforts.”
We remind, Olin Corporation announced that it plans to permanently shut down approximately 225,000 ECU tons of diaphragm-grade chlor alkali capacity at its Freeport, TX facility. The closure is expected to be completed by year end 2022.
Olin Corporation is a leading vertically-integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition. The chemical products produced include chlorine and caustic soda, vinyls, epoxies, chlorinated organics, bleach, hydrogen, and hydrochloric acid. Winchester's principal manufacturing facilities produce and distribute sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges.