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Axiall and Lotte Chemical to partner on Louisiana cracker

3:37 PM MST | February 24, 2014 | —Clay Boswell

Axiall (Atlanta) and Lotte Chemical (Seoul) have signed a preliminary agreement to pursue a 50-50 joint venture for the construction of a 1-million m.t./year ethane cracker in Louisiana. The project, which Axiall first announced on 19 December 2013, is the 10th new cracker proposed or under construction in North America. The partners expect to award jointly a front-end engineering design (FEED) contract for the cracker by the end of March. Lotte Chemical will also begin a FEED study for a wholly owned monoethylene glycol plant located adjacent to the potential...

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