LyondellBasell Plans to Open New HDPE Facility in Texas

LyondellBasell Industries choses La Porte, Texas for building new HDPE plant using Hyperzone cascade gas-phase PE technology with an investment of around USD700 million 

United States: Houston based chemicals manufacturing firm, LyondellBasell, has decided to construct a new High Density Polyethylene (HDPE) plant in La Porte, city in Texas with an investment of around USD700 million. The new facility would produce 500,000 metric tons of HDPE annually using LyondellBasell Hyperzone cascade gas-phase PE technology for the first time. The company would employ around 1,000 skilled people for the construction of plant by 2017. The new plant is expected to start operations by 2019, creating additional 75 full time jobs. The company’s new technology would allow the production of high quality HDPE resins with improved strength, crack resistance and more applications.

TechSci Research depicts that the company’s new production facility in La Porte will help LyondellBasell to increase its overall Polyethylene production capacity from the present 6 Million Metric tons per year to 6.5 Million Metric tons per year. Moreover, La Porte, Texas would offer a suitable manufacturing field for LyondellBasell on account of easy availability of raw material, skilled labor and transportation easiness. This project would also boost the global masterbatch market owing to the increasing demand for plastic products globally.    

According to the recently published report by TechSci Research, “Global Masterbatch Market By Type, By End User, By Region, Competition Forecast and Opportunities, 2011 - 2021”, global masterbatch market size is estimated to cross US$ 16 billion in 2016. Segment-wise, white masterbatch dominated the overall market in 2015, and this trend is anticipated to continue through 2021. White masterbatch demand is growing due to their ability to provide opacity as well as base color to plastics used extensively in milk pouches, milk bottles, plastic bags, food material packaging and pharmaceutical packaging.