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Axiall, Lotte finalize JV ethane cracker project in US

by ChemOrbis Editorial Team -
  • 18/06/2015 (15:36)
According to media reports, US-based Axiall Corporation and South Korea’s Lotte Chemical have finalized their decision to construct a new joint venture ethane cracker project in Louisiana. The final investment decision is reportedly still subject to approval by both companies’ boards of directors.

So far, the companies have completed a front end engineering and design (FEED) study for the proposed ethane cracker. The cracker reportedly will have an ethylene production capacity of 1 million tons/year and is expected to be commissioned by late 2018.

Meanwhile, following the approval of the ethane cracker, the joint venture company is also planning to build a MEG plant at the same site.
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