LyondellBasell to Boost Ethylene Output in US
May 3, 2011
Bloomberg reports, LyondellBasell plans to boost U.S. ethylene output and may build another plant as rising shale-gas supplies increase the country’s competitiveness. Expansions at existing plants, possibly in Channelview and La Port, Texas, over the next few years will increase ethylene output by about 500 million pounds a year, Chief Executive Officer Jim Gallogly said today in a telephone interview with Bloomberg. Rotterdam-based LyondellBasell also is considering the construction of a cracker, as ethylene plants are known, in a joint venture with other producers, he said. Low natural-gas prices relative to oil are prompting LyondellBasell and its competitors to invest in increased U.S. output of ethylene, used to make plastics.