Specialty chemicals manufacturer Stepan announces that it plans to build and operate a new alkoxylation plant at its existing Pasadena, Texas facility. Alkoxylates are a core surfactant technology critical to the agricultural, oilfield, construction and household end use markets.

Stepan's $220.0 million investment is expected to provide a flexible capacity of 75,000 metric tons per year, capable of both ethoxylation and propoxylation, and better position the Company to serve the growing global demand of our Surfactant and Polymer businesses.

"We are excited to expand the alkoxylation capabilities of our North American network at the Pasadena site. This world-scale, state of the art investment will enable Stepan to support the growth in our core markets," said F. Quinn Stepan Jr., Chairman and Chief Executive Officer of Stepan.

The new alkoxylation capacity in Pasadena, Texas is expected to come online in late 2023. When operational it will bring Stepan's alkoxylation network to three plants and position the company with a footprint in the globally strategic U.S. Gulf Coast.