Total aims to decide this year whether to move forward with a second steam cracker at its refining and petrochemical complex in Port Arthur, Texas, executives said last week. The French oil major launched front-end engineering and design (FEED) for the 1 million mt/year ethane side cracker in September 2015, with plans to make the final investment decision (FID) by the end of 2016.
Posts tagged ‘LyondellBasell’
February 14, 2017 05:01 UTC
November 3, 2016 15:54 UTC
The first in a wave of US Gulf Coast ethane cracker projects is slated to start up in the first quarter of 2017 when Occidental Petroleum Corp. and MexiChem’s new joint-venture 550,000 mt/year project near Corpus Christi, Texas, wraps up commissioning by mid-January. Mexichem Chief Executive Antonio Carrillo said the plant will ramp up throughout 2017, reaching 100% capacity in late 2017.
August 5, 2016 13:16 UTC
Petrochemicals are offering growth as energy companies struggle with lingering low crude prices, though some face project delays and others are proceeding with caution, the latest quarterly earnings season shows.
Here’s a roundup of some of the highlights from the most recent round of earnings reports and calls.