World can absorb new US crackers - Dow

23 May 2012 16:49  [Source: ICIS news]

HOUSTON (ICIS)--The world should be able to absorb the new crackers being built in the US because the industry is tight and the global economy is growing, the chief financial officer of US-based Dow Chemical said on Wednesday.

Dow itself plans to build a 1.5m tonne/year cracker at its complex in Freeport, Texas, and several other companies are either considering new crackers or planning to build them.

However, not all of the companies in the planning stage will ultimately build new crackers, said Bill Weideman, Dow chief financial officer. He made his comments during the Goldman Sachs Basic Materials Conference.

Plus, the industry is already tight and the world economy is growing, so it could handle a couple of crackers/year, he said.

By: Al Greenwood
+1 713 525 2645

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index