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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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Sasol reports US HDPE JV 'ramping up to expectations'

Houston, February 25, 2019 (PCW) -- Sasol's joint venture HDPE plant in La Porte, TX is ramping up to expectations and generated 91,000 mt of saleable product during 2H 2018, the company reported today in a regular financial update. Sasol owns 50% of the joint venture plant along with Ineos.

The single-train plant employs Innovene slurry process technology to produce bimodal HDPE grades mainly used in pipe and film applications; its capacity is 470,000 mt/yr. Sasol's share of capacity amounts to 117,500 mt every six months, so the 2H 2018 production figure indicates an operating rate of 77%. -- David Barry

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