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Shintech North America (U.S. office in Houston) is investing $1.3 billion to further expand its PVC manufacturing and packaging facilities at its Plaquemine, La., site. A wholly-owned subsidiary of Japan’s Shin-Etsu Chemical Co. Ltd., Shintech is the world’s largest PVC producer.
Already, Shintech Louisiana is scheduled to start up a new 640-million lb/yr VCM plant and a 640-million lb/yr PVC plant by the end of second quarter, which is expected to help reverse the current tight supply situation. This marks the first capacity from a new PVC production line after several years; vs., incremental capacity brought on through debottlenecks of existing production lines.
Week in Review, Jan. 25-29: Oil and Gas Anxiety, TurboSquid Sale and More
01/29/2021
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NEW ORLEANS – Here, from staff and wire reports, are the city’s biggest business stories of the week:
Oil and Gas Industry Bristles Over Restrictions
President Joe Biden on Wednesday signed an executive order
halting new leases for oil and natural gas development on federal land, a move criticized by the industry and some state governors. “We’re going to review and reset the oil and gas leasing program,” Biden said Wednesday at the White House. Biden said his administration is going to “properly manage lands and waterways in ways that allow us to protect, preserve them and the full value that they provide for us for future generations,” adding that his administration won’t ban fracking. … Oil and gas companies are
Shintech Louisiana LLC says it is investing $1.3 billion to expand its manufacturing and packaging facilities in Iberville and West Baton Rouge parishes
Gov. Edwards, Shintech announce $1.3 billion expansion for plastics facilities (Source: Melinda Deslatte) By WAFB Staff | January 26, 2021 at 12:40 PM CST - Updated January 26 at 9:11 PM
The following information is from the office of the governor:
Today, Gov. John Bel Edwards and Shintech Louisiana LLC announced the company will invest $1.3 billion to expand its manufacturing and packaging facilities in Iberville and West Baton Rouge parishes. Shintech is the world’s leading manufacturer of polyvinyl chloride resins, or PVC. The company will make a $1.25 billion investment to increase PVC manufacturing capacity and expand chlor-alkali and vinyl chloride monomer capacity at its manufacturing facility in Plaquemine, which was announced in 2018 and is expected to be completed this year. The company also is expanding its PVC packaging and warehouse operation in Addis.