LyondellBasell to mothball Texas olefins plant

12 February 2009 17:54  [Source: ICIS news]

LyondellBasell closes Chocolate Bayou plantHOUSTON (ICIS news)--LyondellBasell said on Thursday it would indefinitely idle its Chocolate Bayou olefins plant in Texas due to weak monomer demand amid the faltering US economy.

The company plans to cut about 220 jobs at the site, which is part of its Equistar subsidiary.

"Current projections for ethylene demand indicate that we can meet the needs of our customers without this plant in operation," said Vaughn Deasy, LyondellBasell’s vice president of base chemicals.

Deasy said in a press release that the company could not maintain staffing at previous levels while the plant remains indefinitely idled.

LyondellBasell has 544,000 tonnes/year of nameplate ethylene capacity at Chocolate Bayou.

The company on 6 January filed for Chapter 11 bankruptcy protection in the US.

For more on olefins visit ICIS chemical intelligence
For more on LyondellBasell’s plants, visit ICIS plants and projects
To discuss issues facing the chemical industry go to ICIS connect

By: William Lemos
+1 713 525 2653

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index