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Equistar's Corpus Christi olefins unit resumes normal operations
HOUSTON, December 19, 2016 (PCW) -- Operations at Equistar's Corpus Christi olefins unit have returned to normal. The plant underwent an extensive turnaround this year that included a major expansion of its ethylene capacity. The work began in April and added 800 million pounds of annual ethylene capacity to the 1.7 billion pound unit. During the nearly 250-day outage, more than one billion pounds of ethylene production was out of the market.
The spot ethylene market was fairly quiet Monday morning with no new trades seen. Dec was bid at 24.75 cpp and offered at 25.625 cpp, on either side of its last done level of 25.5 cpp on Friday. -- Kathy Hall