25 March 2011 19:08 [Source: ICIS news]
HOUSTON (ICIS)--INEOS is considering adding an ethylene oxide (EO) plant of at least 500,000 tonnes/year in the US Gulf coast, as well as the downstream ethylene glycol (EG) and derivative units that could absorb the new unit's production, the company said on Friday.
"The US is an obvious location for INEOS Oxide to consider its next expansion," according to a statement by Hans Casier, chief executive of INEOS Oxide.
"It is a market we know well, where INEOS Group already has a well placed manufacturing presence that is capable of taking full advantage of competitively priced feedstocks," he said.
Planning is still early, and INEOS is considering several sites along the US Gulf coast, the company said. INEOS is considering locations in other parts of the world as well.
It should choose a location later this year, the company said.
In other news, INEOS said construction is progressing well at its new 1m tonne/year ethylene terminal at its Zwijndrecht facilities in Belgium. Operations should start in 2012 as planned.
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.
|ICIS news FREE TRIAL|
|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|
Asian Chemical Connections