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New Ethylene Facilities Going into Service in 2019
01/14/2019
New Facilities Scheduled to Go Operational as U.S. Ethylene Market Is on the Rise
Both on supply and demand side prospects for the NGLs market look bright. In particular, U.S. production is expected to grow by 15% in 2019. Most of the scheduled capacity will be paired with derivative units so spot prices will not be heavily affected.
Behind the expected output increase stand several key facilities, most of them to be completed in Louisiana.
The Number One hub for these projects is the Lake Charles area.
Indorama Ventures is about to complete its long-awaited 420,000 tonnes/year cracker unit. It will process ethane and propane feedstocks to produce 370,000 tonnes/year of ethylene and 30,000 tonnes/year of propylene. The facility, idled back in in 2001, was acquired in late 2015 from Occidental Chemical (OxyChem). It is currently in commissioning and should go operational early in 2019.
Sasol’s Lake Charles Chemical Complex consisting of seven manufacturing units situated on approximately 400 acres will have tripled the company's chemical production capacity once an ethane cracker with annual capacity of 1.5 million tonnes/year of ethylene will be put to service. Approximately 90 percent of the cracker's ethylene output will be converted into a diverse commodity and high-margin specialty chemicals. The cracker is reaching mechanical completion in December 2018.
Finally, Lake Charles petrochemical project, a JV by Westlake Chemical Corp. and Lotte Chemical USA Corp. (South Korea), will put in service an ethane cracker to produce more than 1 million-tonne/year of ethylene. The Lake Charles ethylene plant is scheduled for startup during first-quarter 2019.
Point Comfort, Texas
Formosa Plastics Corp. USA. is currently building a 1.6 million tonnes/year plant here. It is to begin operation in 2019.
Plaquemine, LA
Shintech Inc., the U.S. subsidiary of Shin-Etsu Chemical Co. Ltd., Tokyo, is building a 500,000 tonnes/year ethylene plant here.
The company had planned to reach mechanical completion by the end of 2018 and to begin start-up during the first quarter. The ethane cracker is part of an expansion planned to support feedstock for the company’s ethylene vinyl chloride (VCM) and polyvinyl chloride (PVC) production.
Information about other U.S. petrochemical facilities including NGL/LPG/HV pipelines can be discovered on Rextag’s U.S. Natural Gas Liquids Infrastructure maps.
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$113 Million Transaction Baytex Energy Sells Off Crude Oil Holdings in Western Canada
Baytex Energy Corp., a prominent oil and gas company, has struck a deal to sell part of its Viking assets located in Forgan and Plato, southwest Saskatchewan. The transaction sealed at CAD 153.8 million (approximately US$113.23 million).
In Wyoming during 2023, the oil and gas industry experienced various trends and developments. Wyoming ranked 8th nationally in both crude oil and natural gas production, significantly contributing to the economy through property and severance taxes. The state had a peak of 27,951 producing wells in 2022, including oil and gas wells, with 33 operating gas plants processing nearly 97% of the state's gas production. Notably, 21 of Wyoming's 23 counties produce oil and/or natural gas, with Converse County leading in crude oil production and Sublette County in natural gas production. U.S. Energy Information Administration (EIA) predicted that crude oil production across the United States would increase to 12.8 million b/d in 2024. Throughout 2023, oil production in Wyoming showed an upward trend, with more than 95 million barrels expected to be produced, an increase of about 3 million barrels from 2022. This rise in oil production was partly attributed to the completion of 110 newly drilled oil wells in the first half of the year, mainly in the Powder River Basin. However, natural gas production faced a decline due to the aging of wells and a low number of new gas wells being completed. Only 18 new gas wells were finished in the first half of 2023, with a noted interest in drilling applications, suggesting potential future developments.
XCL Resources is seeking approval from the Federal Trade Commission (FTC) for its proposed acquisition of Altamont Energy LLC, another Utah-based oil producer. This initiative is backed by XCL's parent entity, EnCap Investments LP, a notable private equity firm. Discussions about purchasing Colorado-based Altamont Energy began in the previous summer, as highlighted in FTC documentation.
Tallgrass Energy has started a new open season for the Pony Express Pipeline, and this is the second time they're doing it in 2024. They're looking for companies that want to move their crude oil from the Williston Basin and are offering special rates as an incentive. This 30-day event kicked off on March 11. To get the full details, companies need to sign a confidentiality agreement with Tallgrass.