Press Release
Kraton Corporation Lifts Force Majeure on Tall Oil Fatty Acid and Distilled Tall Oil Product Lines
HOUSTON, Dec. 21, 2018 /PRNewswire/ — Kraton Corporation (NYSE: KRA) today provided an update on the status of its Panama City, Florida facility. Based upon restoration of operations for the crude tall oil refinery at the Panama City site, effective December 17, 2018 Kraton has lifted its force majeure declaration for the North American Tall Oil Fatty Acid (FA-2) and Distilled Tall Oil product lines.
As previously disclosed, Kraton anticipates that its Crude Sulfate Turpentine (CST) refinery should be operating at approximately 60% of capacity by the end of December, and it is planning for full operational capacity for the CST refinery to be restored by the middle of the first quarter of 2019, during which time the company expects the CST refinery will ramp up to pre-hurricane supply rates.
About Kraton Corporation
Kraton Corporation is a leading global producer of specialty polymers and high-value performance products derived from renewable resources. Kraton’s polymers are used in a wide range of applications, including adhesives, coatings, consumer and personal care products, sealants, and lubricants, and medical, packaging, automotive, paving, and roofing products. As the largest global provider in the pine chemicals industry, the company’s pine-based specialty products are sold into adhesive, road and construction, and tire markets, and it produces and sells a broad range of performance chemicals into markets that include fuel additives, oilfield chemicals, coatings, metalworking fluids and lubricants, inks, and mining. Kraton offers its products to a diverse customer base in over 70 countries worldwide.
*Kraton, the Kraton logo, and design are all trademarks of Kraton Corporation, or its subsidiaries or affiliates, in one or more, but not all countries.
SOURCE: Kraton Corporation
Media Contact: newsroom@kraton.com
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