14 December 2011 09:30 [Source: ICIS news]
DUBAI (ICIS)--Increased demand for ethylene and derivatives will require the construction of 50-75 world-scale crackers in the coming years, Chevron Phillips Chemical chief executive Peter Cella said on Wednesday.
The statement was made in response to a question on how increased US ethylene capacity would affect Middle East producers.
It also followed an announcement by Cella that Chevron Phillips will move ahead with plans to build an ethane cracker in the US.
The 1.5m tonne/year facility will be built at the company’s complex in Cedar Bayou, Texas.
The permits were being filed on Wednesday, Cella told delegates at the 6th Annual GPCA (Gulf Petrochemicals & Chemicals Association) conference.
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