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

Plant for Sale

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Oxy/Mexichem olefins plant in Ingleside to finish commissioning in mid-January

HOUSTON, November 1, 2016 (PCW) – Occidental Petroleum on Tuesday said its 1 billion lbs/yr joint-venture ethylene plant with Mexichem at Ingleside is expected to complete commissioning activities in mid-January with production on track to begin in 1Q.

The cracker is the first in a slate of new ethylene plants to come online in North America over the next five years. It is expected to consume about 30,000 b/d of ethane.

In its earnings call last week, Mexichem executives more specifically pinpointed on-spec production at late in the first quarter with a ramp-up to full capacity in 4Q 2017.

Oxy reported a 3Q net loss of $241 million, compared to a $2.609 billion loss in the year-ago period. The chemicals segment reported income of $117 million in the quarter, down from $272 million in 3Q 2015. The decrease was due to lower chlor-alkali and calcium chloride volumes and higher ethylene costs. -- Samantha Hartke

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