15 January 2009 15:55 [Source: ICIS news]
HOUSTON (ICIS news)--Equistar said on Thursday it would restart its La Porte olefins plant in Texas by the end of January amid “signs of improvement” in the market.
The 789,000 tonne/year cracker was idled in October after a sharp downturn in the market.
Equistar said it needed the additional olefins capacity from La Porte to meet both internal and external demand.
La Porte was one of two crackers Equistar put on standby in the fourth quarter.
The company in December idled its 544,000 tonne/year unit in Chocolate Bayou in Texas, also citing a slump in market conditions.
Equistar said it would keep Chocolate Bayou off line until “adequate demand” returned for petrochemicals derivatives.
Equistar is a subsidiary of LyondellBasell, which last week filed for Chapter 11 bankruptcy protection in the US.
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