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Motiva to build new PE line in US

October 04/2019

MOSCOW (MRC) -- Motiva Enterprises LLC, a wholly-owned indirect subsidiary of the Saudi Aramco, is evaluating opportunities to build a new polyethylene (PE) line within its proposed steam cracker and aromatics project in Jefferson County, Texas, reported NCT with reference to a filing submitted to Texas Comptrollers Office.

The new PE capacity will be located at the companys Port Arthur Refinery Complex in Jefferson County, Texas. The planned capacity of the unit was not specified, while the value of the project is reportedly estimated at around USD3.1 billion.

The construction is expected to commence by the four quarter of 2020, with completion is estimated in the last quarter of 2024.

As MRC informed earlier, Motiva Enterprises has signed an agreement to buy the Flint Hills Resources' cracker and chemical plant adjacent to its Port Arthur, Texas, oil refinery, kicking off a push into petrochemicals.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,255,800 tonnes in the first seven months of 2019, up by 9% year on year. Shipments of all PE grades increased.

Motiva Enterprises, LLC, is a fully owned affiliate of Saudi Refining Inc. and headquartered in Houston, Texas, United States with revenue of USD24 billion. Previously, it was a 5050 joint venture between Shell Oil Company (the wholly owned American subsidiary of Royal Dutch Shell) and Saudi Refining Inc. (controlled by Saudi Aramco).


mrcplast.com
Author:Margaret Volkova
Tags:PE, propylene, ethylene, Flint Hills Resources, Motiva Enterprises, Russia, USA.
Category:General News
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