LyondellBasell announced that its methanol plant at
Channelview, Texas, was placed into service in the
fourth-quarter 2013 to take advantage of low-cost natural gas
from shale formations.
The unit had been out of service since 2004 due to the rising
cost of natural gas, the key feedstock for methanol
"The methanol plant re-start is the first
in a series of US Gulf Coast projects by LyondellBasell to take
advantage of the natural gas price advantage that we enjoy from
shale gas," said Patrick Quarles, senior vice president,
Intermediates and Derivatives.
"The methanol plant project and our other significant
debottleneck projects will bring new capacity into our system
earlier and at substantially lower cost than constructing
entirely new facilities."
Other LyondellBasell growth projects include expansions of ethylene capacity at
La Porte, Channelview and Corpus Christi, Texas, that will add
1.8 billion pounds to the company's annual capacity, and the expansion of a polyethylene facility
in Matagorda County, Texas.
Methanol is used in the production of chemicals such as acetic
acid and formaldehyde, and in products including adhesives,
foams, plywood subfloors, solvents and windshield washer
LyondellBasell is a leading manufacturer and global supplier of
acetic acid. Methanol also is used in global
gasoline production through direct blending, as well as for the
production of methyl tertiary butyl ether (MTBE), a
clean-burning gasoline component produced by