13 November 2013 23:32 [Source: ICIS news]
CEDAR BAYOU, Texas (ICIS)--Aromatics still have a place at the table in the midst of the burgeoning ethane-cracker boom in the US, a Chevron Phillips Chemical (CP Chem) executive said on Wednesday.
“You’ve got the interaction of lots of different options for the C6s to C10s that we do think are part of the puzzle that will be coming out of the Bakken and Permian Basin” shale plays, said Ron Corn, vice president of corporate planning and development for the company.
Corn made his comments at a roundtable event hosted by CP Chem at its Cedar Bayou facility, where the company is building a world-scale 1.5m tonne/year ethane cracker as part of its efforts to maximise the cost advantage in ethylene and olefin production brought about by the shale gas revolution.
Production of larger-molecule aromatics such as benzene, styrene, toluene and xylenes will still be viable in the US despite the move to cracking lighter feeds that do not make as many, said Corn, who is succeeding Dan Coombs as CP Chem’s senior vice president of specialties, aromatics and styrenics on 1 December.
With domestic demand for many aromatics hampered by trends such as declining gasoline use in the US, producers such as CP Chem will continue to look overseas to capture growth, Corn said.
“The big growing markets for the ultimate products in the aromatics chain will remain in Asia,” he said.
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