Eastman Chemical completes restart of idled Texas cracking unit

22 December 2010 14:30  [Source: ICIS news]

EastmanTORONTO (ICIS)--Eastman Chemical has completed the restart of its idled cracking unit in Longview, Texas, the US-based chemicals major said on Wednesday.

The restart at Longview increased Eastman Chemical’s olefin capacity by about 215,000 tonne/year, from three active cracking units, it said.

“The restart of this cracker was prompted by a favourable shift in market conditions for olefin feedstocks which is expected to continue over the next several years,” said Ron Lindsay, executive vice president, Performance Polymers and Chemical Intermediates.

“Restarting this cracking unit will give us an advantaged cost position over purchasing olefins in the North American market,” he added.

Last week, Chevron Phillips Chemical began restarting its 295,000 tonne/year Sweeny 22 cracker in Texas, which was idled at the height of the financial crisis in 2008, market source said.

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By: Stefan Baumgarten
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