PCC makes progress on plan for Oxyalkylates production in the USA

Duisburg, September 15, 2023. PCC is making progress on its plan to establish an Oxyalkylates production in the USA, thereby advancing the expansion of the PCC Group’s core business areas in the important US market. PCC has now reached a milestone at the possible location in Bay City, Matagorda County, Texas, on the Gulf of Mexico. On September 15, 2023, the project company PCC Chemicals Corporation signed a terminable lease agreement with the Port of Bay City for a property in the immediate vicinity of the port there. Although the site selection and final investment decision is far from over, the contract with the port ensures that PCC Chemicals Corporation has the opportunity to intensively examine an investment at this location as part of due diligence.

“Working with the Port of Bay City and fellow entities over these past two years have been a most enjoyable experience,” said Dr. Peter Wenzel, CEO of PCC SE, and emphasized: “We still have many several project milestones to achieve and will require additional partnerships for the economic development of the project.”

Contract signing between PCC and Port of Bay City on September 15, 2023. Dr. Peter Wenzel, CEO of PCC SE (3rd from left), Waldemar Preussner, Chairman of the Supervisory Board of PCC SE (6th from left), and Peter Berger, Head of Legal Department (7th from left), together with representatives from Bay City.

Bay City Port Director George Harrison said: “This is a proud day for Matagorda County. We’ve been pursuing PCC Chemicals Corporation for two years and it feels good to secure their lease agreement.”

The region at the port of Bay City on the Gulf of Mexico is a possible location for a planned new production of Oxyalkylates (special non-ionic surfactants and polyether polyols) in the USA. In 2022, PCC SE founded the project company PCC Chemicals Corporation which is examining the development and construction of petrochemical production plants in the USA. PCC is currently setting up an Oxyalkylates production in Malaysia in a joint venture with PETRONAS Chemicals Group Berhad to cover the Asian market. The planned project in the USA would further advance the expansion of the PCC´s core business in the Group segments Polyols & Derivatives and Surfactants & Derivatives in the US market, too.

Contract signing between PCC and Port of Bay City on September 15, 2023. Dr. Peter Wenzel, CEO of PCC SE (3rd from left), Waldemar Preussner, Chairman of the Supervisory Board of PCC SE (2nd from left), and Peter Berger, Head of Legal Department (left), together with representatives from Bay City.

Headquartered in Duisburg, Germany, PCC SE is the parent and investment holding company of the globally active PCC Group with its approx. 3,400 employees. Its Group companies have core competencies in the production of chemical feedstocks and specialty chemicals, silicon and silicon derivatives, and in container logistics. An investor committed to the longer term, PCC SE concentrates on continuously increasing the enterprise value of its portfolio companies through sustainable investments and the ongoing creation of new value. The largest chemical producers of the PCC Group are PCC Rokita SA, a major chlorine manufacturer and Eastern Europe’s leading producer of polyols, and PCC Exol SA, one of Europe’s most advanced surfactant manufacturers. PCC BakkiSilicon hf. operates in Iceland one of the world’s most modern and climate-friendly silicon production facilities. PCC was founded in 1993 by Waldemar Preussner, sole shareholder of PCC SE, who today holds the position of Chairman of the Supervisory Board. The PCC Group generated consolidated sales of around € 1.3 billion and earnings before interest/financial result, taxes, depreciation and amortization (EBITDA) of some € 292.0 million in fiscal 2022, with capital expenditures in the same year amounting to around € 116.3 million.