Home / Knowledge / News / Textiles / LyondellBasell NA ethylene expansion program on schedule
LyondellBasell NA ethylene expansion program on schedule
02
May '14
LyondellBasell has received a key permit required in the company's multi-plant ethylene expansion program which, when fully operational, is expected to increase annual ethylene capacity by an estimated 1.85 billion pounds, for a total estimated capacity of 11.8 billion pounds in North America. 
 
The ethylene expansion program began in 2013 and represents a total investment of approximately $1.3 billion in the company's Channelview, La Porte and Corpus Christi, Texas plants which benefit from shale gas production. 
 
On April 16, the U.S. Environmental Protection Agency (EPA) issued a final greenhouse gas permit for the Corpus Christi project.  The permit is the first to be drafted by the Texas Commission on Environmental Quality (TCEQ) and issued by EPA under a new program designed to help improve permitting efficiency and productivity for applicants in the State of Texas.
 
"We are very pleased with the joint efforts of the EPA and TCEQ. Successfully securing our permit in Corpus Christi means our multi-plant ethylene expansion program is on target to be fully operational by the end of 2015," Gallogly added.
 
The required plant modifications are well underway at the La Porte facility and are scheduled to be completed this summer.  Start-up at the Channelview plant is planned for early 2015. Construction at Corpus Christi is expected to begin during the second half of this year with start-up scheduled for late 2015.
 
"Rather than build a new plant from the ground up, which can take five years or more, our approach is to expand our existing facilities and seize the feedstock advantage more swiftly and cost-effectively," said LyondellBasell Chief Executive Officer Jim Gallogly.  
 
"These projects, in addition to the recent restart of an idle methanol unit at our Channelview plant and a butadiene expansion at our Wesseling, Germany plant, can potentially add approximately $1.1 billion to our EBITDA, based on 2013 margins," he added. 
 

LyondellBasell

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search