Shale gas boom prods LyondellBasell to invest in PO/TBA plant in USA
The plant on the US Gulf Coast will have an annual capacity of 900 million pounds of propylene oxide (PO) and 2 billion pounds of tertiary butyl alcohol (TBA) and its derivatives
BS B2B Bureau B2B Connect | Houston, Texas (USA)
LyondellBasell's polymers manufacturing facility in Wesseling, Germany
The plant is expected to sell propylene oxide in the global marketplace to meet growing demand for polyurethanes, which are used primarily for the manufacture of bedding, furniture, carpets and car seats. Tertiary butyl alcohol and its derivatives will be sold to meet the need for high octane gasoline blending components as well as for use in manufacturing synthetic rubber and lubricant additives.
“While we have not finalised the exact location of the plant, the abundant natural gas liquids associated with shale gas make the US Gulf Coast an advantaged feedstock region. This project combines our leading proprietary PO/TBA technology with low cost feedstock and demonstrates our continued commitment to capturing maximum advantage of market opportunities," said Pat Quarles, Senior Vice President of Intermediates and Derivatives, LyondellBasell.
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First Published: Aug 25 2014 | 5:14 PM IST