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Axiall, Lotte Chemical make final investment decision to build ethane cracker
HOUSTON, December 17, 2015 (PCW) -- Axiall and Lotte Chemical Corp. announced Thursday that the companies have reached a final investment decision to construct an ethane-based ethylene cracker in Lake Charles, LA, that is expected to produce approximately 1 million mt/yr of (2.2 billion lb/yr) ethylene.
The plant will provide partial backward integration for Axiall’s vinyls business and will supply a new monoethylene glycol (MEG) facility being built by Lotte adjacent to the new cracker.
The cracker will be built by LACC LLC, the joint venture recently formed by Axiall and Lotte, adjacent to Axiall’s facility Lake Charles to take advantage of Axiall’s existing infrastructure, access to competitive feedstock resources, and ethylene distribution infrastructure.
Work began in the fourth quarter to clear and prepare the site ahead of construction, which is scheduled to begin in 2Q 2016. Start-up is anticipated in early 2019. -- Donna Todd