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Released June 25, 2024 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--As demand for end-use products continues to climb, petrochemical producers across the U.S. are tuning up their production plants so they can more efficiently create the building blocks for everyday household items found in the kitchen, TV room, garage and always-cluttered workspace. Industrial Info is tracking more than $570 million worth of maintenance-related projects at petrochemical facilities across the U.S. that are set to begin in the third quarter, more than 70% of which are in Texas and Louisiana.
Click on the image at right for a graph detailing the top 10 parent companies for U.S.-based petrochemical maintenance projects set to begin in the third quarter.
Chevron Phillips Chemical Company (The Woodlands, Texas), a subsidiary of Chevron Corporation (NYSE:CVX) (San Ramon, California) and Phillips 66 (NYSE:PSX) (Houston, Texas), is among the top spenders with just a single project: major inspections and repairs to its 1.825 billion-pound-per-year 1544 Ethylene unit at its olefins and aromatics complex in Port Arthur, Texas, to maintain production efficiency.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can learn more from a detailed project report.
Chevron Phillips says the ethylene produced from the unit is used in the production of polymers and other products like styrene and antifreeze fluid. The Port Arthur plant also makes propylene, which is commonly used in food packaging and other containers, and cyclohexane, a key component in the nylon found in airbags, clothes and carpets.
Like Chevron Phillips, Indorama Corporation (Jakarta, Indonesia) has a single turnaround putting it among the biggest spenders: routine inspections and repairs to its napthalenedicardoxylic (NDC) acid units at its cyclic organics complex in Decatur, Alabama. NDC is used in polyesters and resins to make consumer items ranging from ultra-thin data storage tape to high-strength tire cord. A series of inspections and repairs will cover an 11-month period. Subscribers can learn more from a detailed project report.
Dow Incorporated (NYSE:DOW) (Midland, Michigan) also is among the top spenders on third-quarter petrochemical maintenance, two of which are at its St. Charles petrochemicals plant in Hahnville, Louisiana: its 1.425 billion-pound-per-year ethylene unit and a pair of high-density polyethylene production units. Subscribers can read detailed reports on the ethylene and polyethylene projects.
Jim Fitterling, the chief executive officer of Dow, acknowledged in a recent earnings-related conference call that global supply-demand fundamentals for ethylene and polyethylene were weak in the first quarter, but noted Dow has "a footprint that is very highly advantaged in North America, Latin America and the Middle East." He added: "Most of the new capacity is in the market already and we're seeing the second consecutive quarter of volume growth, and we're starting to see year-over-year volume growth numbers. So, it feels like we're starting to turn the corner a little bit."
Dow also has a trio of turnarounds ready to begin along the Texas Gulf Coast: the Sulfuric Acid HR-3 Unit at its acrylic resins plant in Deer Park; the ethylene oxide derivatives area at its complex in Seadrift, which includes an ethanolamines unit and an n-butyl acetate unit; and its entire Beaumont Works plant in Nederland, which produces aniline, hydrogen, nitrobenzene and nitric acid. Subscribers can read detailed reports on the sulfuric acid, ethylene oxide and Beaumont Works projects.
Westlake Chemical (NYSE:WLK) (Houston, Texas) rounds out the top spenders on third-quarter petrochemical maintenance with a series of turnarounds at its petrochemical complex in Sulphur, Louisiana: a 1.6 billion-pound-per-year ethylene production unit and a pair of low-density polyethylene (LDPE) units, the 551 million-pound-per-year Poly III Train I and the 297 million-pound-per-year Poly III Train II. Subscribers can read detailed reports on the ethylene and Poly III Train I and Poly III Train II units.
Demand for the LDPE product is high, according to Albert Chao, the chief executive officer of Westlake, in a recent earnings call: "Sales volumes for our pivotal post-consumer polyethylene resin increased sequentially by nearly 30% from the fourth quarter of 2023, as we are seeing increasing consumer adoption of the product, particularly for consumer trash bags to meet new regulations for post-consumer material usage."
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for maintenance-related projects in the U.S. petrochemical sector that are set to kick off in the third quarter.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing the top 10 parent companies for U.S.-based petrochemical maintenance projects set to begin in the third quarter.Chevron Phillips Chemical Company (The Woodlands, Texas), a subsidiary of Chevron Corporation (NYSE:CVX) (San Ramon, California) and Phillips 66 (NYSE:PSX) (Houston, Texas), is among the top spenders with just a single project: major inspections and repairs to its 1.825 billion-pound-per-year 1544 Ethylene unit at its olefins and aromatics complex in Port Arthur, Texas, to maintain production efficiency.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can learn more from a detailed project report.
Chevron Phillips says the ethylene produced from the unit is used in the production of polymers and other products like styrene and antifreeze fluid. The Port Arthur plant also makes propylene, which is commonly used in food packaging and other containers, and cyclohexane, a key component in the nylon found in airbags, clothes and carpets.
Like Chevron Phillips, Indorama Corporation (Jakarta, Indonesia) has a single turnaround putting it among the biggest spenders: routine inspections and repairs to its napthalenedicardoxylic (NDC) acid units at its cyclic organics complex in Decatur, Alabama. NDC is used in polyesters and resins to make consumer items ranging from ultra-thin data storage tape to high-strength tire cord. A series of inspections and repairs will cover an 11-month period. Subscribers can learn more from a detailed project report.
Dow Incorporated (NYSE:DOW) (Midland, Michigan) also is among the top spenders on third-quarter petrochemical maintenance, two of which are at its St. Charles petrochemicals plant in Hahnville, Louisiana: its 1.425 billion-pound-per-year ethylene unit and a pair of high-density polyethylene production units. Subscribers can read detailed reports on the ethylene and polyethylene projects.
Jim Fitterling, the chief executive officer of Dow, acknowledged in a recent earnings-related conference call that global supply-demand fundamentals for ethylene and polyethylene were weak in the first quarter, but noted Dow has "a footprint that is very highly advantaged in North America, Latin America and the Middle East." He added: "Most of the new capacity is in the market already and we're seeing the second consecutive quarter of volume growth, and we're starting to see year-over-year volume growth numbers. So, it feels like we're starting to turn the corner a little bit."
Dow also has a trio of turnarounds ready to begin along the Texas Gulf Coast: the Sulfuric Acid HR-3 Unit at its acrylic resins plant in Deer Park; the ethylene oxide derivatives area at its complex in Seadrift, which includes an ethanolamines unit and an n-butyl acetate unit; and its entire Beaumont Works plant in Nederland, which produces aniline, hydrogen, nitrobenzene and nitric acid. Subscribers can read detailed reports on the sulfuric acid, ethylene oxide and Beaumont Works projects.
Westlake Chemical (NYSE:WLK) (Houston, Texas) rounds out the top spenders on third-quarter petrochemical maintenance with a series of turnarounds at its petrochemical complex in Sulphur, Louisiana: a 1.6 billion-pound-per-year ethylene production unit and a pair of low-density polyethylene (LDPE) units, the 551 million-pound-per-year Poly III Train I and the 297 million-pound-per-year Poly III Train II. Subscribers can read detailed reports on the ethylene and Poly III Train I and Poly III Train II units.
Demand for the LDPE product is high, according to Albert Chao, the chief executive officer of Westlake, in a recent earnings call: "Sales volumes for our pivotal post-consumer polyethylene resin increased sequentially by nearly 30% from the fourth quarter of 2023, as we are seeing increasing consumer adoption of the product, particularly for consumer trash bags to meet new regulations for post-consumer material usage."
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for maintenance-related projects in the U.S. petrochemical sector that are set to kick off in the third quarter.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
