20 September 2011 14:19 [Source: ICIS news]
HOUSTON (ICIS)--Williams plans to expand ethylene output at its cracker in ?xml:namespace>
Williams expects to bring the 44% expansion on stream in the third quarter of 2013, it said. The project’s expected capital spending is in the range of $350m–$400m (€256m–€292m) in 2012-13, the company said.
The Geismar olefins plant is a light-end natural gas liquid (NGL) cracker with current volumes of 37,000 bbl/day of ethane and 3,000 bbl/day of propane, for an annual ethylene production 1.35bn lb/year.
“The shale gas revolution in the US, coupled with continued strong crude oil prices, has given US-based ethylene manufacturing a tremendous cost advantage over many other supply regions,” said Rory Miller, president of Williams’ midstream business.
“The results are a revitalised North American petrochemical business and a
($1 = €0.73)
For more on Williams and other producers visit ICIS company intelligence
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|