23 May 2012 15:15 [Source: ICIS news]
HOUSTON (ICIS)--None of the six new ethylene cracker projects announced in the ?xml:namespace>
Sergey Vasnetsov, vice president of strategic planning at LyondellBasell, said that so far only one company actually filed for environmental permits.
“The applications for the permits, and the construction cycle, dictate that it will be at least a four-year exercise from now," Vasnetsov told analysts at a webcast investor conference in
“The new crackers will come up more gradually, and also somewhat later, as compared to the pre-announced schedules,” he added.
LyondellBasell, for its part, is well-positioned to continue to benefit from the shale gas boom in the
The company is focused on running its
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