NYSE-listed Williams Partners L.P. expects the expansion project at its Geismar Olefins plant to begin manufacturing ethylene for sale this month.
Williams Partners said, “We are in the final stages of commissioning and start-up and the timeline is consistent with the financial guidance the partnership provided in July.”NYSE-listed Williams Partners L.P. expects the expansion project at its Geismar Olefins plant to begin manufacturing ethylene for sale this month. #
It added, “All major construction related to the rebuild of the damaged plant, the expansion project and the safety-related equipment installation is now complete.
“The general contractors for the expansion and rebuild projects have demobilized and Williams’ operations personnel are now directing the dry-out and commissioning of the plant.”
Capacity at the plant is now 1.95 billion pounds of ethylene per year and Williams Partners’ share of the total capacity of the expanded plant is approximately 1.7 billion pounds per year.
Williams owns controlling interest and is the general partner of Williams Partners. Williams, is one of the leading energy infrastructure companies in North America.
It owns controlling interests in both Williams Partners L.P. and Access Midstream Partners, L.P. through its ownership of 100 percent of the general partner of each partnership.
Additionally, Williams owns approximately 66 percent and 50 percent of the limited partner units of Williams Partners L.P. and Access Midstream Partners, L.P., respectively.
On June 15, 2014 Williams proposed the merger of Williams Partners and Access Midstream Partners. The proposed merger has been approved by boards of each partnership and is expected to close in early 2015. (AR)
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