MOSCOW (MRC) -- LyondellBasell has continued commissioning its new high density polyethylene (HDPE) plant in La Porte, Texason, with startup expected soon, reported S&P Global.
"Our Hyperzone polyethylene capacity is being commissioned as we speak," LyondellBasell spokeswoman Chevalier Gray said in an email Friday regarding the company's new 550,000 mt/year high-density PE plant along the Houston Ship Channel. "We now expect volumes to ramp up during the first quarter of 2020 with increasing profitability throughout the year."
She said the company does not "expect any meaningful production before year-end."
As MRC informed before, in early November 2019, LyondellBasell began the commissioning works of its new HDPE plant in La Porte. The brand new plant will utilize LyondellBasell’s patented Hyperzone technology. The cost of the project is estimated at USD900 million.
According to MRC's ScanPlast report, Russia's HDPE production totalled 729,500 tonnes in the first ten months of 2019, down by 8% year on year. Two producers out of three reduced their output.
LyondellBasell is one of the largest plastics, chemicals and refining companies in the world. Driven by its 13,000 employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, and improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road. LyondellBasell sells products into approximately 100 countries and is the world's largest licensor of polyolefin technologies.
MRC