Indorama Ventures Public Company Limited announced on Friday that its indirect subsidiary Indorama Ventures Olefins LLC has achieved mechanical completion of its ethane cracker and is undergoing trial runs.
Located at Westlake, LA, USA, Indorama Ventures Olefins LLC (IVOL) is a manufacturer of Ethylene from Ethane with annual capacity of 440,000 MT. IVOL has stabilized production of on-spec Ethylene and its byproducts at 5 of its 7 furnaces and will ramp up gradually during the course of 2Q19.
This project has been the most ambitious project of its kind in Indorama Ventures’ history and creates a new platform of growth as well as affording stability and supply chain advantages to its EO/EG business by its pipeline integration.
At normalized production, Indorama Ventures will secure ~75% Ethylene for internal consumption for EO/EG production and merchant the remaining output.
The company also stated that its indirect subsidiary Indorama Ventures Oxide & Glycols LLC (IVOG) has lifted the force majeure on 2nd May 2019 after taking an unplanned shutdown in the last week of March 2019 due to compressor breakdown. The shutdown was communicated to SET vide our letter dated 29 March 2019.
Located at Clear Lake, Tx, USA, IVOG is a manufacturer of EO, PEO & Glycols with annual capacity of 550,000 MT.
