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: BASF balances North America advantage with pressure in Asia
"The results show how well the BASF verbund can work to balance out market pressures and risks."
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