06 March 2012 18:57 [Source: ICIS news]
HOUSTON (ICIS)--US-based petrochemical producer Chevron Phillips Chemical (CP Chem) is still evaluating sites for its new polyethylene (PE) plants, an executive said on Tuesday.
Chevron Phillips executive vice president of olefins and polyolefins Mark Lashier spoke at the the CERAWeek energy conference.
The company has already chosen its Cedar Bayou site in Baytown, Texas, for its cracker.
The executive spoke at the CERAWeek energy conference, which ends on Friday.
Chevron Phillips is among several companies building or considering crackers in the US.
Formosa Plastics plans to build an 800,000 tonne/year olefins cracker, a propane dehydrogenation (PDH) unit and a low-density polyethylene plant at its Port Comfort, Texas, site.
Start-up could happen in 2016, the company said.
Dow Chemical's new ethane cracker will be a brownfield project it will likely build in Texas, with start up in 2016-2017, the company said.
Shell could decide on a site for a new cracker in the northeast US early this year.
Renewable Manufacturing Gateway (RMG) and Aither Chemicals signed a letter of engagement to collaborate on financing and building a petrochemical complex using Aither's ethane-cracking technology.
In addition, Thailand-based polyester producer Indorama and a partner are in the early stages of studying the feasibility of a new US cracker.
Sasol has started a feasibility study for a cracker and derivatives project at Lake Charles, Louisiana.
SABIC said it would consider investing in a US cracker either with a partner or by itself.
Braskem also said it was considering a greenfield investment in an ethylene and PE plant in the US.
The new crackers are in addition to expansion and debottleneck projects at existing plants.
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