TULSA, Okla. — Natural gas company Williams announced that its Board of Directors has approved an expansion of its Geismar olefins production facility, according to a press release.
The expansion will increase the facility''s ethylene production capacity by 600 million pounds per year to a new annual capacity of 1.95 billion pounds. It is expected to be placed into service in the third quarter of 2013.
“The shale gas revolution in the United States, coupled with continued strong crude oil prices, has given U.S.-based ethylene manufacturing a tremendous cost advantage over many other supply regions," said Rory Miller, president of Williams’ midstream business. “The results are a revitalized North American petrochemical business and a U.S. ethylene market short of supply.”