Lyondell reverses earlier decision to shut Chocolate Bayou HDPE plant
September 04/2009
September, 04 (plastemart.com) -- As demand for polyethylene has got boosted by rising demand from Asia, Lyondel Chemical, has reversed its decision to permanently shut it 180,000 tons HDPE plant at Chocolate Bayou site in Texas, as per ICIS.
Operating costs andHDPEmargins
have improved significantly for the company to reconsider its decision.
Earlier, the plant was planned to be shut down permanently by 30
September. A hearing on August 11 was held by the bankruptcy court to
consider approval plans to close the plant.
This decision is cited to be independent of an objection thatINEOSfiled in bankruptcy court as it wanted to buy the plant.
