LyondellBasell: 'Condo Cracker' Project Is a Possibility

LyondellBasell says it plans to debottleneck its Channelview and LaPorte, TX crackers to increase ethylene supply amid strong demand. The company may also consider participating in a new U.S. ethane cracker project with another company, in what CEO Jim Gallogly called a “condo cracker.”   The debottlenecking could free up about 500 million lbs/year of ethane-based ethylene capacity, Gallogly said on conference call for investors. “We are actively working on expanding ethane supply, consumption, and ethylene production,” Gallogly says...

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