06 May 2013 17:27 [Source: ICIS news]
HOUSTON (ICIS)--US-based petrochemical producer Westlake expects to complete its new chlor-alkali plant in Geismar, Louisiana in the fourth quarter of this year, CEO Albert Chao confirmed on Monday.
Chao said that expanded shale gas production should continue to give United States producers a feedstock cost advantage compared to other regions. Chao made his remarks during a conference call to discuss first-quarter 2013 earnings.
Westlake initially announced the project in September 2008, with the intent to start production by 2011, but the project was delayed by the economic recession.
Other US chlor-alkali producers include Dow Chemical, Axiall, Formosa Plastics, Shintech, Bayer, Olin and PPG Industries.
($1 = €0.76)
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