Sources said that in September 2014, LyondellBasell's new steam cracking plant in La Porte, Texas, was put into production. The original production capacity of the device is 800,000 tons/year, and the output will increase by 350,000 tons/year. At the same time, the company also announced that its production base in Channelview, Texas, will expand its ethylene production capacity and that its ethylene production will exceed 2 million tons/year.
Williams Olefins has announced that it will restart its ethylene unit in Geismar, Louisiana at the end of October. During the start-up phase, the plant capacity will increase from 270,000 tons/year to 900,000 tons/year.
Global Ethylene Expansion Force Continues to Join New Members In August, Total Petrochemical planned to establish a 900,000-ton/year cracker in the US Gulf Coast area. Formosa Plastics has obtained a greenhouse gas license from the US Environmental Protection Agency and plans to establish a polyolefin plant and LDPE plant at its company's production facility in Point Comfort, Texas.
Earlier, Shin-Etsu, OxyChem, Dow Chemical, and ExxonMobil Chemical have all obtained GHG licenses.
In terms of market, Wednesday's US spot price of FD USG was quoted at 59.75-60.25 cents/lb for October and 60.25-60.75 cents/lb for November. The October offer was the lowest in nearly 4 months.
US West Lake Chemical Company said on Thursday that it plans to increase its ethylene plant capacity in Lake Charles, Louisiana. At present, the plant has a capacity of 560,000 tons/year and a planned expansion capacity of 115,000 tons/year. Westlake Chemical is the latest polyolefin producer to announce its ethylene expansion plan.
New production capacity is expected to go online in late 2015 or early 2016. West Lake Chemical added that the capacity expansion plan, together with other investments in the production base, will exceed the amount of US$300 million.
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