17 June 2015
VIEW AXIALL PRESENTATION MARCH 2015
DETAILS
The companies have formed LACC LLC
to design, build and operate an ethane cracker in Louisiana
that would produce approximately
one million metric tons of ethylene annually
once it commenced operation.
Since announcing their intent to partner on the project
in February 2014, Axiall and Lotte have also completed
a joint FEED study for the plant.
The two are now evaluating final project details,
including site selection, which is anticipated
in Lake Charles, La.
A final investment decision is anticipated in the second half of 2015.
If approved, the plant’s anticipated start-up would be the end of 2018.
If approved by Lotte’s Board of Directors,
Lotte Chemical also plans to build
a monoethylene glycol (MEG) plant adjacent to the proposed cracker.
Axiall would not have any investment in or ownership of that MEG plant.
Lotte Chemical currently operates three crackers in Asia that produce
more than 2.8 million metric tons of ethylene capacity annually.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
