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Source: Cornerstone

Cornerstone Chemical Company, operator of the Cornerstone Energy Park, announced the sale of its sulfuric acid operations to Ecovyst, a global provider of advanced materials, specialty catalysts, sulfuric acid and regeneration services.

Ecovyst's business structure includes two core business units: Advanced Materials and Catalysts (AM&C) and Ecoservices. Headquartered in Malvern, Pennsylvania, Ecovyst employs more than 900 people across 12 facilities in locations worldwide. The Ecoservices segment of Ecovyst is a provider of virgin sulfuric acid and sulfuric acid regeneration services.

“Cornerstone looks forward to a smooth transition from the sulfuric acid business to Ecovyst, and we are confident in the long-term success of that business and its employees,” said Matthew Sokol, Cornerstone's president and chief executive officer. “The sale of our sulfuric acid business is the next step in aligning our strategic goal of operating high-performing specialty chemical assets and a world-class Energy Park in southern Louisiana. We thank those members of our team who are part of the sulfuric acid business, and we wish Ecovyst much success in the future.”

Situated along the Mississippi River in Waggaman, Louisiana, and established in 1952, the Energy Park is home to several state-of-the-art chemical manufacturing facilities, including site owner Cornerstone Chemical Company, LLC. With approximately 400 employees, Cornerstone is a manufacturer of high-quality intermediate chemicals used for a variety of end-market applications.