MOSCOW (MRC) -- Ineos Styrolution has announced that it will commission an engineering study to build a world-scale styrene monomer plant on the US Gulf Coast, as per GV.
According to the company, the plant will benefit from access to low cost feedstock and energy from shale gas as well as a good infrastructure. A specific location is yet to be defined, said Ineos.
Steve Harrington, President Global Styrene Monomer and Asia-Pacific, commented: "This new plant will complement our existing SM production facilities and provide a sustained competitive advantage to enable us to supply the global market."
“This plan supports our ‘Triple Shift’ growth strategy and maintains our leading position as a global styrenics supplier to our key customers and industries”, added Kevin McQuade, CEO at Ineos Styrolution.
As MRC informed before, in March 2016, Ineos Group Ltd. unveiled plans of expansion of its plants in USA to take advantage of low-cost natural-gas liquids as feedstock for ethylene production. The company is likely to add 250 mln-1 bln lbs of annual ethylene production at its Chocolate Bayou site south of Houston, Dennis Seith, chief executive officer of the company’s U.S. olefins and polymers unit, said then. Additional polypropylene and alpha-olefins capacity may be added at the site.
MRC