Total forms joint venture to build Texas chemicals and plastics plants

[thackney]

Total forms joint venture to build Texas chemicals and plastics plants
http://fuelfix.com/blog/2017/03/27/total-forms-joint-venture-to-build-texas-chemicals-and-plastics-plants/
March 27, 2017

Paris-based Total energy giant said it will form a joint venture to build major chemical and plastic plant expansions in Port Arthur and Bayport, just outside of Houston.

The multibillion-dollar partnership will be 50 percent owned by Total and the other half split between Calgary-based Nova Chemicals Corp. and Vienna’s Borealis petrochemical company. Total had long planned on the Port Arthur expansion, but was seeking investment partners.

The goal is to build a $1.7 billion ethane cracker at Total’s existing Port Arthur complex to churn out up to 1 million metric tons of ethylene a year, or 2.2 billion pounds, after it opens in 2020. Ethylene is the primary building block of most plastics. The joint venture also includes construction of a polyethylene plastics plant to produce 1.35 billion pounds of year at Total’s Bayport plant east of Houston. Total isn’t yet revealing cost estimates on the plastics facility....

[thackney]

[geronl]

The Texas coast has the infrastructure and experience to support something like this

[thackney]

The Texas coast has the infrastructure and experience to support something like this

Quite a lot of new plants like this.

US ethane cracker updates in petrochemical Q3 earnings calls
http://blogs.platts.com/2016/11/03/us-ethane-cracker-q3-earnings/

The first in a wave of US Gulf Coast ethane cracker projects is slated to start up in the first quarter of 2017 when Occidental Petroleum Corp. and MexiChem’s new joint-venture 550,000 mt/year project near Corpus Christi, Texas, wraps up commissioning by mid-January. Mexichem Chief Executive Antonio Carrillo said the plant will ramp up throughout 2017, reaching 100% capacity in late 2017.

Here is a roundup of other major cracker project updates provided during third-quarter earnings calls:
Chevron Phillips Chemical’s ethane cracker...
ExxonMobil Corp and Saudi Basic Industries Corp...
Enterprise Products Partners...
Dow Chemical’s...
LyondellBasell Industries’...

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Of eight projects that form the first wave, up to six will come online during 2017, adding more than 7 million tons per annum of ethylene capacity. Of another 10 projects being considered, at least two are due to reach final investment decisions early in the year, and a third – and the biggest of them all – is progressing quickly toward a decision.

http://www.frackcheckwv.net/2017/01/26/ethane-cracker-chemical-plants-underway-in-louisiana-texas-and-pennsylvania/