From PetroChem Wire . . . .
PetroChem Wire's Daily Wire provides closing prices and a summary of the day's trading activity for US ethylene, proylene, polymers and upstream NGLs markets. Begun in 2007, its olefins and polyolefins prices serve as benchmarks for a number of physical and swap contracts that trade on the CME/NYMEX Clearport system.
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Motiva expects FID on petchem project by end-2019
HOUSTON, December 20, 2018 (PCW) -- Motiva has indicated that a final investment decision is expected at the end of this year regarding its previous proposal to build a steam cracker in the US Gulf region.
In April 2018, the company announced its interest to consider expanding its existing Port Arthur, TX, refinery and possibly building a world-scale petrochemical site near it. In June 2018, the company announced that it was not considering expanding the refinery but was still actively considering building a petrochemical site, which would include a worldscale olefins plant.
In a recent filing made to the Texas Comptroller, Motiva stated that if the FID was approved, construction would begin in early 2020 and conclude in late 2022. While Port Arthur has been cited as a logical location for the steam cracker, Motiva has stated that it is considering options throughout the Gulf area and that Port Arthur is one of its potential locations. -- Kathy Hall
Red the full filing here.