Braskem to build new US PP plant, upgrade existing ones
The head of Braskem America reportedly stated that the company is in talks regarding the construction of a new PP plant and added that construction of any new PP plant is dependent on the availability of attractively-priced propylene feedstock. The proposed new plant would have a world scale capacity of around 450,000-500,000 tons/year assuming sufficient feedstock availability.
The company currently has five PP plants in the US, with production capacities of 225,000 tons/year at Seadrift, Texas, 330,000 tons/year at La Porte, Texas, 350,000 tons/year at Marcus Hook, Pennsylvania, 240,000 tons/year at Kenova, West Virginia and 320,000 tons/year at Freeport, Texas.
Meanwhile, Braskem is reportedly reevaluating a proposed joint venture project with Odebrecht, which was expected to house a world-scale ethane cracker and downstream polyethylene plants in West Virginia. Sharp decreases in oil prices and a reduced cost advantage for US ethane-based crackers over naphtha-based crackers were cited as the main reasons for the company’s decision to reevaluate the project. Should Braskem decide to proceed with the project, the start-up date is likely to occur after 2020.
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