06 December 2011 00:00 [Source: ICIS news]
HOUSTON (ICIS)--Westlake plans to invest $40m (€30m) to upgrade ethylene furnaces at its Calvert City cracker in Kentucky, the US-based producer said on Monday.
The furnace modifications will reduce costs, improve operating efficiency and result in less energy consumption, Westlake said.
The modifications are expected to be completed by mid-2013.
Up to $10m in local tax incentives helped make the project economically feasible, Westlake said.
Without the modifications, the alternative would be to produce additional ethylene at an out-of-state cracker, Westlake said.
Westlake plans to eventually convert its propane cracker at Calvert City to crack ethane, in order to take advantage of feedstock material from the Marcellus Shale reserves in the eastern US.
The Calvert City cracker has an ethylene capacity of 195,000 tonnes/year.
($1 = €0.75)
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