Plastics Reclamation Plant Liquidation
Sortation, Grinding, Washing and Starlinger Equipment For Sale
Equipment sold individually
Bids accepted first come, first served basis.
Subject to prior sale.
All offers due by Nov. 7
Click here for pictures and detailed equipment list
Contact David for additional information at 1-630-235-8171
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UPDATE: Mexichem/Oxy Ingleside ethane cracker on track for 1Q start up
HOUSTON, October 27, 2016 (PCW) – Mexichem’s joint-venture ethane cracker with Occidental Petroleum is on track for start-up in the first quarter of next year with production expected to ramp up to its full capacity in 4Q 2017, the company said during its 3Q earnings release Thursday.
The cracker will have a capacity of 1 billion lbs/yr. Mexichem executives said during its earnings call that commercial operations of the cracker are expected late in the first quarter and the overall production rate of the plant next year should come in around 70%.
Meanwhile, the company’s Parajitos facility, which was the site of a deadly explosion in April, remains shuttered. Mexichem said the ethylene plant is under a mechanical integrity evaluation, but it appears to be undamaged, while the Clorados III VCM unit is the one that sustained the greatest damage.
Mexichem said it is “evaluating several strategic options for the business in the future.”
Several analysts have suggested the facility will be shuttered permanently.
Mexichem on Thursday reported 3Q net income of $68 million, up nearly 26% from the $54 million seen in 3Q 2015. The increase was attributed to restructuring in the Fluor Business Group, resulting in lower operating costs, and a one-time benefit related to the damages incurred at the VCM plant. -- Samantha Hartke