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Arcanum (Raven) Announces Butene-1 Expansion Plans

January 9, 2018

HOUSTON/PRNewswire/ -- Arcanum (the Company) today announced plans for expansion of its Butene-1 production complex. The Company's flagship project, Raven, an on-purpose Ethylene-to-Butene-1 processing facility, is currently under construction in Baytown, Texas. Permitting and other development efforts are now underway which would enable two additional on-purpose Butene-1 production facilities at the same location. 

The Raven facility has secured long-term fee-based offtake agreements with commitments from multiple Butene-1 buyers for substantially all of its nameplate capacity. Raven may be able to accommodate increased demand for Butene-1 by operating beyond its originally planned capacity through operational optimizations. Additionally, Arcanum believes it is well-positioned to develop and invest in new production facilities to support significant growing North American demand for Butene-1. The existing project site has been developed with the capacity for future Butene-1 projects and related assets. Arcanum intends to leverage existing site infrastructure, prior engineering and construction experience, and industry and customer relationships to efficiently commercialize the additional Butene-1 facilities.