LyondellBasell Industries is considering building a new chemical plant that would cost $2 billion, the Houston Chronicle reported on Wednesday.
A decision to build a new plant that would provide chemicals and propylene for growing markets is a year away, Lyondell Chief Executive Bob Patel said, according to the report.
Lyondell did not immediately reply to a request for comment.
“It’ll take us a good part of about 12 months before we get to the point where we make a final decision,” Patel said, according to the report. “But, yes, PDH (propane dehydrogenation) and polypropylene is the next project. It’ll likely be somewhere along the Gulf Coast.”
Lyondell has a plastics plant under construction in LaPorte, Texas, and is getting underway with building a $2.4 billion complex in Pasadena and Channelview, Texas, according to the Chronicle.
The company is scheduled to report third-quarter earnings on Friday.
By Erwin Seba
Neste is announcing the conclusion of its first series of trials into processing liquefied waste plastic with chemical recycling technology at its Porvoo refinery in Finland. The oil refining company says it has processed about 800 tons of liquefied waste plastic over the last two years – roughly the same amount generated annually by a European city with 500,000 people.
Sika performed well in a challenging environment in 2021. Despite the persistent COVID-19 pandemic and bottlenecks in the procurement of raw materials, sales rose significantly to a record CHF 9.24 billion, corresponding to growth of 17.1% in local currencies.
Ineos Olefins and Polymers Europe is joining the pioneering polypropylene (PP) recycling project Nextloopp, supporting its delivery of food-grade recycled content. The chemicals company will orchestrate a pivotal two-year project that will inform the building of a demonstration plant in the UK to produce 10,000 metric tons of recycled polypropylene (rPP) annually.