29 March 2011 22:19 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS)--INEOS Oxide could start construction on a ethylene oxide (EO) plant and its derivative units in 2015 if the company’s board approves the project, its CEO said on Tuesday.
INEOS Oxide should have more specific plans about the scope of the project by the end of 2011, said Hans Casier, CEO of INEOS Oxide.
The project is centred on a 500,000 tonne/year EO unit, which would also have several derivatives units, including ethylene glycol (EG), INEOS Oxide said.
Production from the new capacity would primarily serve the large and growing ?xml:namespace>
“We do not have EO in the
Ultimately, Casier would like to build EO operations in the
INEOS currently operates two derivatives plants in the
Casier said INEOS Oxide heard plenty of interest about the project at NPRA and had been talking to potential suppliers and customers.
An upcoming study will determine the exact slate of products to be made in the
The location of the investment is still to be decided, he said, adding that there were several possibilities, including existing INEOS Group locations.
The company recently announced it was considering debottlenecking ethylene capacity on its cracker at Chocolate Bayou,
The intention to invest in the
“This has changed the competitiveness of the
Casier sees ethylene glycol demand growing strongly, at 6-7%/year, with a huge pull from
David Brooks, business director for INEOS Oxide, said the company’s desire to invest in the
In addition, construction in the
However, he did not rule out future investment in that region or the
Hosted by the NPRA, the IPC ends on Tuesday.
For more on EO and EG visit ICIS chemical intelligence
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