Home / Knowledge / News / Textiles / Williams Partners to start ethylene sales in mid-August
Williams Partners to start ethylene sales in mid-August
17
Jun '14
Williams Partners L.P. is hoping to commence ethylene sales in mid-August after its Geismar plant restarts in late July, instead of the previous expectation of late June, the company said in its latest 2014 Financial Guidance Update.
 
“The Geismar plant rebuild and expansion projects are targeted for initiation of startup in late July. Williams Partners’ financial guidance assumes ethylene sales commencing in mid-August,” the statement said.
 
The company attributed the delay in startup of the Geismar plant, based in Louisiana in the United States, to lower than planned construction labour productivity and other factors on both the rebuild and expansion projects.
 
As a result of such delay, the Geismar expansion project capital spending is expected to increase to US$ 715 million, up $65 million from previous guidance.
 
About a year ago, the Geismar facility was taken offline for investigatory work after a fire incident, which resulted in the death of two employees and injuring 70 others.
 
However, the company was able to go ahead with expansion activities outside the affected portion of the plant.
 
In May this year, the insurers approved $50 million of the most recent claim-payment request of $200 million. Upon receipt of such $50 million, expected in June, the total insurance receipts to date will be $225 million, according to the company.
 
“Williams Partners continues to work with insurers in support of all claims, as submitted, and is vigorously pursuing full payment,” the company said.
 

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 24th Jun 2017

JD enters into strategic partnership with Farfetch

E-commerce giant, JD, China's largest retailer, and Farfetch, the...

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Marcel Alberts
Eurofibers

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Steve Cole
Xerium Technologies

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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:
June 2017

June 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