24 July 2013 15:47 [Source: ICIS news]
HOUSTON (ICIS)--Sasol and INEOS are teaming up to build a 470,000 tonne/year high density polyethylene (HDPE) plant in the US, the companies announced on Wednesday.
South African-based Sasol and the US olefins and polymers subsidiary of Switzerland-based INEOS have signed a memorandum of understanding (MOU) for a joint venture to produce bimodal HDPE using INEOS’s Innovene S process technology.
A final decision is expected during the first half of 2014, with start-up expected at the end of 2015.
“Together we will develop a world-scale HDPE plant, which will allow us to monetise ethylene and supply a high quality product,” said Andre de Ruyter, Sasol senior group executive for Global Chemicals and North American Operations. “The joint venture expands on our greater North American strategy and will complement the products produced from the ethane cracker and derivatives project in southwest Louisiana.”
Follow Tracy on Twitter
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections