Asian Chemical Connections
US-based ExxonMobil Chemical's announcement of a new 1.5m tonne/year cracker in Baytown, Texas, by 2016 brings the growing tally of new US ethylene capacity announcements to 33% of existing capacity.
ExxonMobil's new ethane cracker on the US Gulf Coast will provide ethylene feedstock for two new 650,000 tonne/year high-performance polyethylene (PE) lines at the company's nearby Mont Belvieu plastics plant.
INSIGHT: Dangers of the oil price collapse
"The negative impact of lower oil prices are not confined to the big oil producing nations alone."
VIDEO: ICIS special report - impact of lower crude oil prices