The Plaza Group has signed an exclusive multi-year agreement valued at $56 million with Shell Oil Products US to acquire all nonene produced at Shell’s Anacortes, Washington, facility. In addition to acquiring the product, The Plaza Group will manage the fleet and coordinate logistics of delivering to customers in the U.S., Asia and Europe.
“This new agreement signifies our continuing relationship with the Anacortes facility. This year The Plaza Group will celebrate its 10-year anniversary, and we have been involved with the nonene produced at the Anacortes facility since day one,” said Randy Velarde, The Plaza Group’s president. Mark DeGuerre, Nonene Business Manager at The Plaza Group concurred, saying, “We continue to value this business under our new, expanded arrangement. It is definitely one of the cornerstones of our nonene business.”
The nonene produced at the facility is used to manufacture ethoxylated alcohol and versatic acids, among other applications.