Niacet: Yesterday and TodayIn 1924, the first semi-commercial chemical plant, based on acetylene, was put into operation in Niagara Falls, NY by Carbide and Carbon Chemicals Company. Within a year, the plant was expanded to full-scale production and Niacet Chemicals Corporation was formed under the joint ownership of Carbide and Carbon Chemicals, E.I. Dupont, and Shawinigan Power Company. The company name, Niacet, was derived from Niagara Acetylene.In 1928, Niacet built the first plant to produc...