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LyondellBasell specifies size of new US PE plant

LyondellBasell specifies size of new US PE plant

HOUSTON (ICIS)--LyondellBasell's proposed new polyethylene (PE) plant in Texas will have 1bn lb/year (454,000 tonnes/year) of nameplate capacity, said the CEO of the producer on Friday.

The plant should come on line in the middle part of 2017, said CEO Jim Gallogly during an earnings conference call.

The plant will feature a new PE technology of the company, he said.

"We think it will be a very competitive line, both in terms of the product it makes and the value it brings to capital costs but also, very importantly, this should help us a significant amount in our licensing efforts," Gallogly said.

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