LyondellBasell to Build High Density Polyethylene Plant
LyondellBasell has made the final investment decision to build a High Density Polyethylene (HDPE) Plant on the U.S. Gulf Coast. The plant will have an annual capacity of 1.1 billion pounds (500,000 t) and will be the first commercial plant to employ the company's new proprietary Hyperzone PE technology. The project is expected to create up to 1000 jobs at the peak of construction and as many as 75 permanent positions. Start-up is planned for 2019.
"This new proprietary technology will have the capability to produce a wide range of HDPE products with enhanced properties, many of which have the potential to exceed industry benchmarks," said Bob Patel, LyondellBasell's CEO.
HDPE is used in numerous applications such as pipe, bottles, containers, toys, film, healthcare articles, plastic fuel tanks and industrial packaging. The Hyperzone PE enhanced properties include improved stress crack resistance and enhanced balance between stiffness and impact strength.
The Hyperzone PE technology is a cascade gas phase process based on LyondellBasell's unique Multizone circulating reactor technology and was developed at LyondellBasell's European research and development centers located in Frankfurt, Germany, and Ferrara, Italy. The new proprietary technology will have the capability to produce a wide range of high-performance multi-modal HDPE products. In certain applications, Hyperzone PE resins allow customers to use less PE resin per unit produced, resulting in improved resource efficiency and savings for customers. While the Hyperzone PE plant will be located on the U.S. Gulf Coast, the products produced will serve markets across the globe.
"We are continuing to invest in growth-oriented projects like Hyperzone PE, where we see long term feedstock advantage," Patel added. "We believe that the combination of our latest polyolefins technology and new ethylene capacity from low cost debottlenecks will provide a good return on investment. Additionally, this project enhances our ethylene integration strategy, allowing us to capture value across the ethylene value chain."
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