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Markets :: Basic Chemicals :: Petrochemicals :: Ethylene
Westlake and LyondellBasell Idle Ethylene Units
12:50 PM MST | December 22, 2008 | Chemical Week Editorial Staff
Chao: Slow economy impacting demand. Westlake Chemical says it will idle one of its ethylene plants at Lake Charles, LA due to “significant customer inventory destocking and weakening demand” for derivative products. A maintenance turnaround is scheduled at the plant for the first half of 2009, Westlake says. “The slowing economic environment is having a more substantial impact on consumer demand and the entire supply chain than previously anticipated, resulting in reduced volumes and margins in our businesses,” says Albert Chao, president...
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