Corrected: LyondellBasell mulls expansion at Corpus Christi site in Texas

26 October 2012 17:55  [Source: ICIS news]

Correction: In the ICIS news story headlined "LyondellBasell mulls expansion at Corpus Christi site in Texas" dated 26 October 2012, please read in the second paragraph … 771,000 tonnes/year at Corpus Christi… instead of …771,000 tonnes/year at Channelview…. A corrected story follows.

HOUSTON (ICIS)--LyondellBasell is developing expansion plans for its Corpus Christi complex in Texas, the company's chief executive said on Friday.

LyondellBasell has an ethylene capacity of 771,000 tonnes/year at Corpus Christi, according to ICIS plants and projects.

While it was premature to discuss the project, it should be larger than the company's expansion at its complex in Channelview in Texas, said Jim Gallogly, LyondellBasell's chief executive.

Gallogly made his comments during the company's earnings conference call.

LyondellBasell plans to increase the capacity of its cracker in Channelview by 250m lb/year (113,000 tonnes/year) in 2015, Gallogly said.

Engineering has progressed for the project, and LyondellBasell has applied for environmental permits.

For both projects, LyondellBasell is pursuing a strategy of debottlenecking because it allows the company to increase capacity quickly and with less money than building a new cracker.

By: Al Greenwood
+1 713 525 2645

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