AKRON, OHIO (Dec. 19, 2:30 p.m. ET) — A big polyethylene expansion in Texas by Chevron Phillips is featured in this week's Material Insights video.
Chevron Phillips plans to build two new ethylene units with combined annual capacity of more than 2 billion pounds. The $5 billion project is a result of the discovery and development of new sources of natural gas feedstock in North America.
Recent decreases in North American prices for solid polystyrene and PET bottle resin also are covered in this week's video, which wraps up with a prediction of a stronger year in 2012 for the North American PE market by Dow Chemical Co.'s Mauro Gregorio.