LyondellBasell crackers in Texas down after power outage

21 October 2011 21:48  [Source: ICIS news]

HOUSTON (ICIS)--LyondellBasell's Channelview crackers in Texas were down on Friday as a result of an overnight power outage, market sources said.

The company has two crackers at the site with a combined 1.75m tonnes/year of ethylene capacity.

The crackers could remain off line for two weeks, a market source said.

A LyondellBasell spokesperson declined to comment, citing company policy.

US ethylene for November traded on Friday at 52.000 cents/lb ($1,146/tonne, €837/tonne), up from 48.750 cents/lb on Monday.

One market participant said the shutdown in Channelview was likely lending support to ethylene prices.

Additional reporting by Michelle Klump

For more on ethylene visit ICIS chemical intelligence
For more on LyondellBasell's plants visit ICIS plants and projects

By: William Lemos
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