17 November 2013 16:00 [Source: ICIS news]
CARTAGENA, Colombia (ICIS)--At least two more foreign companies are considering building a cracker in the US, a consultant said on Sunday, following on news that Brazil’s Odebrecht may build an ethane cracker and three polyethylene (PE) plants in West Virginia.
One of the companies is South Korean and its project would be entirely devoted to the export market, said Robert Bauman, president of Polymer Consulting International.
Bauman is scheduled to speak at the Latin American Petrochemical Association (APLA) annual meeting.
He declined to comment on where the second firm was based, but he said it was not Saudi Arabia–based SABIC, which he said has already publicly expressed an interest in having a cracker in the US.
Bauman said he had not yet read the announcement about the Odebrecht project, which was unveiled last week by West Virginia governor Earl Ray Tomblin.
The complex, to be called the Ascent - Appalachian Shale Cracker Enterprise, would be built in Wood County, West Virginia, according to a statement by the governor.
Odebrecht would oversee the project's investment and financing as well as the operation of water and electric utilities, Tomblin said, adding that Brazil’s Braskem would be responsible for petrochemical-related activities as well as marketing the polyethylene (PE).
The APLA conference ends on Tuesday.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections