25 October 2013 15:34 [Source: ICIS news]
HOUSTON (ICIS)--Eastman Chemical is still working to resolve its dispute with Westlake Chemical over a common carrier ethylene pipeline in ?xml:namespace>
The pipeline connects the
Eastman CEO Jim Rogers, responding to analysts' questions during Eastman’s third-quarter earnings call, said that the issue must be resolved before Eastman can move ahead with plans to find a solution for the 700m lbs/year (318,000 tonnes/year) of excess ethylene it produces at
In an update,
Eastman had an initial hearing with the commission and is now waiting to hear back what the process for the dispute’s resolution will be, he said.
“I wish I knew the timing [for a resolution], but I am almost betting that it will take longer than either you or I would want it to take,”
While third parties are interested in Eastman’s excess ethylene position at
If the commission’s decision should not be in Eastman’s favour, “then we will consider what our options are”, he said.
Eastman produces about 1.4bn lbs/year of ethylene at the site but uses only about 50% of it for its own operations.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections