US Georgia Gulf considers condo cracker

07 November 2012 17:50  [Source: ICIS news]

HOUSTON (ICIS)--US-based vinyls producer Georgia Gulf is considering investing in a joint partnership on a condo cracker in order to secure more ethylene feedstock, the chief executive said on Wednesday.

CEO Paul Carrico, while answering a question during a third-quarter earnings call, said the company has long sought to be able to secure cost-effective ethylene.

“Our mission is to get about 50% of our volume requirements under a cost-base type of situation,” he said.

Carrico said Georgia Gulf has been thinking about such an arrangement as other US-based petrochemical producers have announced new ethane cracker projects.

 “We’ve had quite a few discussions, and it ebbs and flows with how those participants either make sense to us or don’t,” he said.

Carrico said nothing definitive has yet emerged from those discussions.

“We’re willing to make the investment in order to get to the position where we’re trying to target,” he said.

By: Ken Fountain

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