TPC Group's board of directors has approved funds for the front end engineering and design (FEED) to finalize the design and cost estimate for a third polyisobutylene (PIB) production unit. The project is targeted to satisfy future industry growth mainly resulting from anticipated changes in fuel and lubricant additive standards beginning in the second half of 2017. These higher standards are driving demand for highly reactive polyisobutylene, according to the company.
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