Atofina announced plans to modernize and expand its joint venture Cos-Mar styrene monomer facility located near Carbille, LA. (Acquisitions, Expansions).Atofina announced plans to modernize and expand its joint venture Cos-Mar styrene sty·rene n. A colorless oily liquid from which polystyrenes, plastics, and synthetic rubber are produced. Also called vinylbenzene. monomer monomer (mŏn`əmər): see polymer. monomer Molecule of any of a class of mostly organic compounds that can react with other molecules of the same or other compounds to form very large molecules (polymers). facility located near Carbille, LA. This project will increase styrene capacity from 900,000 tons per year to 1,150,000 tons per year. Completion is planned for the third quarter of 2004. CosMar is a 50:50 joint venture between Atofina Petrochemicals and General Electric Petrochemicals, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of General Electric and a division of its GE Plastics business. |
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