LyondellBasell gets permit for ethylene expansion at Corpus Christi
Key permit received by LyondellBasell in company's multiplant ethylene expansion which, when fully operational, is expected to increase annual ethylene capacity by an estimated $3.12 billion, for a total estimated capacity of $19.9 billion in North America.
LyondellBasell has received a key permit required in the
company's multi-plant ethylene expansion program which, when
fully operational, is expected to increase annual ethylene
capacity by an estimated $3.12 billion, for a total estimated
capacity of $19.9 billion in North America.
The ethylene expansion
program began in 2013
and represents a total investment of approximately $1.3
billion in the company's Channelview, La Porte and Corpus
Christi, Texas plants which benefit from shale gas
On April 16, the U.S. Environment
al Protection Agency
issued a final greenhouse gas permit for the Corpus Christi
. The permit is the first
to be drafted by the Texas Commission on Environment
al Quality and issued
by EPA under a new program designed to help improve
permitting efficiency and productivity for applicants in the
State of Texas.
"We are very pleased with the joint efforts of the EPA and
TCEQ. Successfully securing our permit in Corpus Christi
means our multi-plant ethylene expansion
program is on target to
be fully operational by the end of 2015," Gallogly added.
The required plant modifications are well underway at the La
Porte facility and are scheduled to be completed this summer.
Start-up at the Channelview plant is planned for early 2015.
at Corpus Christi is
expected to begin during the second half of this year with
start-up scheduled for late 2015.
"Rather than build a new plant from the ground up, which can
take five years or more, our approach is to expand our
and seize the feedstock
advantage more swiftly
and cost-effectively," said LyondellBasell CEO Jim Gallogly.
s, in addition to the
recent restart of an idle methanol
unit at our Channelview
plant and a butadiene expansion
at our Wesseling,
Germany plant, can potentially add approximately $1.1 billion
to our EBITDA, based on 2013 margins," he added.