PR94045

PRINCETON JUNCTION, N.J., Jan. 13, 2022 /PRNewswire=KYODO JBN/ --

- IPP Seeks Investors for JV or Takeover

International Process Plants (IPP) and its affiliates announced today the

acquisition of Juniper Acquisitions LLC, owner of the Juniper Specialty

Products commercial-scale high-purity gas-to-liquids (GTL) wax manufacturing

plant in Westlake, Louisiana, North America's only commercial-scale GTL wax

production facility. The 10-acre rail and truck-served site, including all

intellectual property, is available for purchase, lease, joint-venture, or

licensing.

Logo - https://mma.prnewswire.com/media/1725247/IPP_Logo.jpg

The plant will convert natural gas into 1,100 barrels/day of high-purity

Fischer-Tropsch paraffinic waxes used in adhesives, coatings, construction

materials, and consumer goods including cosmetics, as well as zero-sulfur light

and middle distillates used in transportation fuels and chemicals industries.

IPP is part of a global group that acquires chemical, petrochemical,

fertilizer, polymer, and pharmaceutical assets and manufacturing sites that are

closing for the purpose of restarting the assets to manufacture the same or

different products, or relocation to another site with favorable economics

while redeveloping the land.  IPP seeks investors to take over or participate

in a joint venture to continue the project.

"We are very excited to continue the Westlake GTL wax project. The compelling

economics, strong offtake market, low CAPEX requirement, attractive margins on

high-purity GTL wax products, with commissioning only 18-months away makes this

opportunity ripe for investment," said Ron Gale, President of IPP. "The

completed project is forecasted to achieve a three-year return-on-investment

(ROI)."

"With over $400M invested in the project by prior ownership, this offering

represents a unique opportunity to enter the high-purity, low carbon footprint

GTL wax business in North America at an extraordinarily low capital cost, and

faster than any greenfield market entrant," added Ross Gale, Vice President and

Director of Acquisitions at IPP.

About International Process Plants

Since 1978, IPP has grown to be the leading global facilitator of manufacturing

growth opportunities in the industrial chemical, specialty chemical, fine

chemical, petrochemical, fertilizer, polymer, and pharmaceutical industries.

IPP enables sustainable industrial growth by deploying pre-existing and

pre-installed assets that are immediately available, at a fraction of the cost

and delivery time of brand-new assets. It boasts a global portfolio of 14

complete industrial sites, over 110 complete plants and over 15,000 major

pieces of equipment and systems. To learn more about IPP, visit www.ippe.com.

Media Contact:    Customer Contact:

Kath Searle       Ross Gale

P: 617.680.2965   P: 609.586.8004      

E: KathS@ippe.com E: RossG@ippe.com

SOURCE  International Process Plants