Posted on 07/21/2017 9:08:26 PM PDT by 2ndDivisionVet
Once in operation, the plant is expected to produce 1 billion pounds of propylene oxide -- a chemical used in the manufacture of bedding, furniture, carpeting, coatings, building materials, and adhesives -- and 2.2 billion pounds of tertiary butyl alcohol annually.
LyondellBasell announced July 21 that it will build the world's largest plant manufacturing propylene oxide and tertiary butyl alcohol (TBA) in Channelview, Texas, an industrialized suburb of Houston. The project is estimated to cost approximately $2.4 billion, representing the single-largest capital investment in the company's history, and will be built at the LyondellBasell Channelview Complex. A related ethers unit, which will convert TBA to oxyfuels, is proposed for the company's Bayport Complex near Pasadena, Texas.
The company's announcement said at the peak of construction, the project is expected to create a maximum of 2,500 jobs -- approximately 160 permanent positions when the plant is operational.
"This world-scale project is a key part of our organic growth strategy which is designed to meet rising global demand for both urethanes and cleaner-burning oxyfuels while creating real, long-term value for our shareholders," said Bob Patel, CEO of LyondellBasell. "Our investment in this plant combines the best of both worlds: our leading PO/TBA process technology with proximity to low-cost feedstocks, which gives LyondellBasell a competitive advantage in the global marketplace for these products."
"We are pleased that LyondellBasell continues to view the Houston area as important to their global operations, creating jobs and opportunities for Houstonians," said Bob Harvey, president and CEO of the Greater Houston Partnership. "This new project further advances Houston's position as a global hub of petrochemical manufacturing, leveraging Houston's strategic access to the Americas and top markets around the world."
Once in operation, the plant is expected to produce 1 billion pounds of propylene oxide -- a chemical used in the manufacture of bedding, furniture, carpeting, coatings, building materials, and adhesives -- and 2.2 billion pounds of TBA annually. The TBA will be converted to two ether-based oxyfuels, methyl tertiary butyl ether and ethyl tertiary butyl ether, which are high-octane gasoline components that help gasoline burn cleaner and reduce emissions from automobiles. The announcement said LyondellBasell plans to sell the PO and derivative products to domestic and global customers, while the oxyfuels will be primarily sold in Latin America and Asia. Some of the TBA will be sold domestically in the form of high-purity isobutylene, which is used in tires and lubricants.
The project is part of the company's $5 billion organic growth program taking place on the U.S. Gulf Coast.
See, see! Trump’s harsh, violent campaign rhetoric again!
There is probably $40-50 billion,and maybe more, in refinery expansions and construction going on in Texas just in the areas east of Houston alone.
And the regular media would rather slit their own throats than tell you about it. Look at the kind of sources I find these stories in.
If this winning just keeps going on... CNN will become the Comedy Channel and Prosper ... (don’t buy Stock yet)
This is directly because of President Trump's energy policies keeping the cost of energy low.
Some of it might be due to Trump, but much of it was already it was already in the works.
I love reading these stories about jobs jobs jobs, thank you for your work!
Thank a fracker!
Very accurate... Such decisions are several years in the making with numerous technical and financial benchmarks each intended to stop a project. I don't mean that in a negative sense. It is critical to weed out as early as possible projects with too high a level of technical or financial risk or lower performing than other options for spending capital dollars on.
Lyondell’s Channelview facility is a very impressive operation. Excellent integration and a couple units that rate as amazing. A propylene oxide unit of this scale will radically increase the facility's wastewater generation by volume although it is easy to handle, very biodegradable in a biological wastewater treatment plant.
Up stream of their barge docks on the San Jacinto River, about 30 years ago there was a massive fire on the river during extreme river flow caused by a tropical storm. The high flow unburied a large hydrocarbon line (gasoline I think) crossing under the river, the line ruptured and dumped gasoline in the river. It took some time before the safety shutdowns detected the ruptured line then once the shut down triggered, there were miles of blocked in pipe that emptied into the river. It was a wild week in Houston between the tropical storm, flooding and the river fire.
BIG wins for Texas
Capital plans are in the works all the time. But I guarantee you the decision to pull the trigger and start spending real money is greatly influenced by whether or not a business-friendly administration is in power.
And Barky did everything he could to prevent it...
The wun no doubt has a sad.....
Capital plans are in the works all the time. But I guarantee you the decision to pull the trigger and start spending real money is greatly influenced by whether or not a business-friendly administration is in power.
^^That^^
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