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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Dow bringing expanded LA-3 cracker back in mid-November; TX-8 on track for mid-2017
HOUSTON, October 27, 2016 (PCW) – Dow Chemical on Thursday said it plans to return its expanded LA-3 cracker in Plaquemine to service in mid-November.
The cracker will have added 600 million lbs/yr to its ethylene production capacity, bringing the new nameplate capacity to 2.35 billion lbs/yr.
Additionally, its new TX-8 cracker in Freeport is 85% mechanically complete and remains on trach for a mid-2017 start-up. Its capacity will be 3.3 billion lbs/yr.
Dow reported 3Q net income of $719 million, down about 44% from the $1.29 billion seen in the year-ago period, largely on tighter margins and currency headwinds.
The Performance Materials & Chemicals reported 3Q sales of $2.4 billion, down from $3.1 billion in the year-ago period, reflecting the impact of the split-off of Dow Chlorine Products and pricing declines in all businesses. Volume was down 16%, reflecting the impact of the Dow Chlorine Products transaction.
Meanwhile, the Performance Plastics group reported 3Q sales of $4.70 billion, up from $4.67 billion in the year-ago period, as volume gains in all businesses more than offset price declines in all businesses. The segment reported volume growth of 10%. -- Samantha Hartke