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P66 execs say CP Chem cracker start-up seeing delay of ‘several months’
HOUSTON, July 29, 2016 (PCW) -– Phillips 66 executives said during the company’s earnings call on Friday that the start-up of its joint-venture ethane cracker in Texas would be delayed ‘several months’ to the latter half of 2017.
The original in-service date for the 3.3 billion lbs/yr unit was mid-2017.
P66 executives said the delay was “primarily related to productivity.”
The new associated polyethylene units, however, would be coming online by mid-2017, the company said.
Meanwhile, front-end engineering work on a possible second cracker is ongoing, although the company does not anticipate making a final investment decision on that project until the 2018-19 time frame.
Another FID that has been delayed is related to the company’s 100,000 b/d Fractionator 2 at the Sweeny hub. An FID was expected in 3Q, but executives on Friday did not provide a time frame for when they might move forward with the project, if at all. -- Samantha Hartke