US petchems may announce derivatives in next year – Gallogly

28 March 2012 22:06  [Source: ICIS news]

HOUSTON (ICIS)--The US shale gas boom could lead producers to announce derivative projects in the near future, the LyondellBasell CEO said on Wednesday.

The advent of shale gas has provided US petrochemical producers with increasing supplies of natural gas liquids (NGL).

This has caused several companies to consider or announce ethylene expansions and on-purpose propylene plants.

Producers will next consider derivative products, said Jim Gallogly, chief executive of the Dutch polyolefins producer. "I think you will see some announcement over the next year or so."

He made his comments during the World Petrochemical Conference, held by IHS Chemical, which lasts through Thursday.

By: Al Greenwood
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