29 July 2016
DETAILS
LyondellBasell (NYSE: LYB)
has made the final investment decision to build
a High Density Polyethylene (HDPE) Plant
on the U.S. Gulf Coast.
The plant will have an annual capacity
of 1.1 billion pounds (500,000 metric tons)
and will be
the first commercial plant to employ
LyondellBasell's new proprietary
Hyperzone PE technology.
The project is expected to create up to 1,000 jobs
at the peak of construction and
as many as 75 permanent positions.
Start-up is planned for 2019.
HDPE is used in numerous applications such as
pipe, bottles, containers, toys, film,
healthcare articles, plastic fuel tanks
and industrial packaging.
LyondellBasell's Hyperzone PE enhanced properties
include improved stress crack resistance
and enhanced balance between
stiffness and impact strength.
The Hyperzone PE technology
is a cascade gas phase process based on
LyondellBasell's unique Multizone circulating reactor
technology and was developed at
LyondellBasell's European research and development
centers located in
Frankfurt, Germany, and Ferrara, Italy.
The new proprietary technology will have the capability
to produce a wide range of high-performance
multi-modal HDPE products.
In certain applications, Hyperzone PE resins
allow customers to use less PE resin per unit produced,
resulting in improved resource efficiency
and savings for customers.
While the Hyperzone PE plant will be located
on the U.S. Gulf Coast, the products produced
will serve markets across the globe.
Bob Patel,
LyondellBasell's CEO
"Innovation is key to our future success.
This new proprietary technology will have the capability
to produce a wide range of HDPE products
with enhanced properties, many of which
have the potential to exceed industry benchmarks,"
WWW.CHEMWINFO.COM BY KHUN PHICHAI
