Chevron begins commissioning new PE units, delays cracker’s startup
The new units form the first phase of Chevron Phillips’ $6 billion "US Gulf Coast Petrochemical Project”.
Meanwhile, the company delayed the startup of its new Houston steam cracker to the first quarter of 2018. The initial plan was to complete construction of 1.5 million tons/year cracker in the fourth quarter of 2017, and it was expected to reach full operating rates by the first quarter of 2018. However, the company was forced to postpone the plan due to the serious flooding caused by Hurricane Harvey.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- China PP price uptrend intact after holidays despite local supply pressure
- Saudi PP, PE markets reverse course in Feb after 8 months, maintenance schedule busy in Mid-East
- Freight carriers aim to manage supply-demand balance by blanking more sailings
- PP and PE markets set to rebound from two-year lows in Europe
- PET sellers hunt for signs of market bottom in Europe
- India’s import PP, PE markets rebound in Jan after several months of declines
- Tight supplies keep Asian PVC markets bullish
- Crude oil market sentiment turns in favour of bulls
- Will European PVC take a breather from 9-month downtrend in February?
- Supply limitations bolster Feb PP and PE outlook in Turkey