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Mexichem, OxyChem advance Texas cracker

7:12 AM MST | November 8, 2013

Mexichem and OxyChem say that they have formed a 50-50 joint venture, Ingleside Ethylene, to construct the previously announced cracker at OxyChem’s Ingleside, TX, site. The plant will produce about 550,000 m.t./year of ethylene, and the project will include pipelines and storage at Markham, TX. The two companies signed a memorandum of understanding for the project in August 2012. The cracker project is expected to involve a total investment of about $1.5 billion. OxyChem will build and operate the cracker. The company expects to award the engineering and...

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