MOSCOW (MRC) -- Occidental Chemical Corp. (OxyChem) and Mexichem SAB de CV (Mexichem) remain on schedule to commission their 50-50 joint venture Ingleside Ethylene LLC’s 1.2 billion-lb/year (550,000-tonne/year) ethane cracker at Ingleside, Tex., in early 2017, said Ogj.
The cracker is due to enter operation and reach full rates of production during first-quarter 2017, as originally planned (OGJ Online, Nov. 1, 2013), Mexichem said in its latest earnings report.
Currently under construction at OxyChem’s existing plant in Ingleside, the USD1.5-billion cracker will process ethane feedstocks from US shale gas supplies to supply OxyChem with an ongoing source of ethylene for manufacturing vinyl chloride monomer, which Mexichem will use to produce polyvinyl chloride (PVC) resin and PVC piping systems.
The JV most recently let a contract to CB&I, Houston, to provide engineering, procurement, and construction for an ethylene storage complex in nearby Markham as part of the cracker project.
As MRC informed earlier, CB&I has been awarded a contract valued at approximately USD115 million, as part of the scope of the ethylene project, by Ingleside Ethylene LLC, a joint venture between Mexichem, S.A.B. de C.V. (Mexichem) and Occidental Chemical Corporation (OxyChem), a subsidiary of Occidental Petroleum Corporation, for the engineering, procurement and construction of an ethylene storage facility in Markham, Texas.
Occidental Petroleum Corporation (Oxy) is a California-based oil and gas exploration and production company with operations in the United States, the Middle East, North Africa, and South America. Oxychem is Oxy"s Texas-based subsidiary which manufacture polyvinyl chloride (PVC) resins, chlorine and caustic soda used in plastics, pharmaceuticals and water treatment chemicals.
Mexichem, of Tlalnepantla, an industrial municipality close to Mexico City, is Latin AmericaпїЅs largest manufacturer of PVC pipe, vinyl resins and compounds. The company has annual revenues of more than USD5 billion and has been listed on the Mexican Stock Exchange for more than 30 years.
MRC