LyondellBasell restart methanol plant at Channelview, US

LyondellBasell to restart methanol plant at Channelview, US

6:12 AM, 3rd January 2014
LyondellBasell to restart methanol plant at Channelview, US

HOUSTON, US: LyondellBasell will restart its methanol plant at Channelview, Texas, US, which was placed into service in the fourth-quarter 2013 to take advantage of low-cost natural gas from shale formations. The unit had been out of service since 2004 due to the rising cost of natural gas, the key feedstock for methanol production.

Other LyondellBasell growth projects include expansions of ethylene capacity at La Porte, Channelview and Corpus Christi, Texas, that will add 1.8 billion pounds to the company’s annual capacity, and the expansion of a polyethylene facility in Matagorda County, Texas.

“The methanol plant re-start is the first in a series of US Gulf Coast projects by LyondellBasell to take advantage of the natural gas price advantage that we enjoy from shale gas. The methanol plant project and our other significant debottleneck projects will bring new capacity into our system earlier and at substantially lower cost than constructing entirely new facilities,” said Patrick Quarles, Senior Vice President, Intermediates and Derivatives, LyondellBasell.

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