Aither’s agreement with Bayer MaterialScience LLC includes a non-binding Open Season to determine market interest for chemicals and plastics that would be produced by such a cracker. This could include ethylene, acetic acid, carbon dioxide, and carbon monoxide for sale at competitive market pricing or use in making downstream derivatives and other products such as ethylene oxide (EO).
As part of the agreement Bayer would assist in the effort to evaluate third party interest in the chemicals stated above. Several ethane suppliers have expressed interest in supplying ethane to the project.
The Open Season will run from June 22 through July 20, 2012.
After the Open Season, Aither Chemicals will evaluate the market’s response and decide on next steps by August 31, 2012. The Open Season process is commonly used in the midstream energy business to determine market interest in new business opportunities.
If Aither decides to proceed with the proposed catalytic ethane cracker, production could begin in early 2015.
“The Memorandum of Understanding is a first step towards building a catalytic ethane cracker in the Kanawha Valley region and we are optimistic that the market will respond,” said Aither CEO Leonard Dolhert.
Aither Chemicals brings its proprietary, scalable technology to crack ethane and convert it into other products.
Aither Chemicals LLC
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