Indorama Ventures seems to be on schedule for a Q4 restart of a dormant ethane cracker near Lake Charles, Louisiana, the company said in an earnings, as reported by Platts. "Approximately 90% of the output produced will be used as a feedstock at [Indorama's] Texas EO/EG facility," the company said in a statement.
The currently dormant cracker, which Indorama acquired in September 2015, can to produce 420,000 m tpa of ethylene and 20,000 m tpa of propylene. The site was previously owned by Equistar Chemicals and was taken out of service on February 17, 2001 as a result of reduced demand for petrochemical derivatives and escalating oil, natural gas and utility prices.
Indorama has signed a long-term agreement with Targa Resources for ethane and propane feedstock supply, along with an agreement with Boardwalk Louisiana Midstream, for pipeline transportation and storage of ethylene.
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