25 July 2013 15:42 [Source: ICIS news]
NEW YORK (ICIS)--US-based Dow Chemical is on track to start up its 1.5m tonne/year cracker project in Freeport, Texas by 2017 as scheduled, its CEO said on Thursday.
“At the moment that [project] is on track. There is nothing that’s going to delay that at this time, including permits,” said Andrew Liveris, chairman, president and CEO of Dow Chemical.
Liveris spoke on Dow’s second quarter earnings conference call, in response to a question about the Texas project, and securing an air permit from the Environmental Protection Agency (EPA).
Seven companies are planning new crackers – six on the US Gulf Coast – and are in various stages of securing air permits to start construction.
Dow completed the front end engineering and design (FEED) phase of its Freeport, Texas, cracker project in June and is now onto the engineering, procurement and construction (EPC) phase while in the process of securing air permits.
Chevron Phillips Chemical received its Greenhouse Gas (GHG) Prevention of Significant Deterioration (PSD) air permit on 17 January 2013 for its planned 1.5m tonne/year cracker in Cedar Bayou, Texas.
It will make a final investment decision later this year with construction planned for 2014.
ExxonMobil Chemical is also in the process of securing air permits for its planned 1.5 tonne/year cracker in Baytown, Texas.
It has already received draft permits from the EPA and the state, and the regulatory schedule points to final approval by February 2014.
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