HOUSTON — January 29, 2024, Kraton Corporation, a leading global Sustainable producer of specialty polymers and high-value biobased products derived from pine wood pulping by-products, has completed a $35 million investment to upgrade its crude tall oil (CTO) biorefinery towers in its Panama City, Florida manufacturing facility. The new infrastructure was completed in November with the highest safety and quality standards, for continued service to our customers.

“We are excited to unveil this strategic investment in our biorefinery operations,” said Edgar Baena, VP of Global Operations, Kraton Pine Chemicals. “Our upgraded towers will ensure Kraton continues delivering the highest quality and Sustainable biobased products and solutions our customers rely on.”

“Upgrading our Panama City facility enables us to enhance our efficiency and continue delivering reliable product supply to our customers for years to come,” said Kevin Campbell, VP of Pine Chemicals Commercial and Procurement. “This investment aligns with our commitment to growing the pine chemicals business through innovation and advancing the biobased and circular economy.”

The towers project is Panama City’s largest single capital investment in the last 50 years, demonstrating Kraton’s strong dedication to continuous improvement, operational excellence, and remaining at the forefront of evolving customer expectations within the pine chemicals industry.