Indorama Ventures Olefins LLC (IVOL)
Acquisition in 2015
This is an ethylene manufacturing plant acquired to provide long-term ethylene supply integration with IVL’s EOEG plant (IVOG) tied to advantaged shale gas feedstock in the US Gulf Coast. The unit was idled in early 2001 and acquired under the joint venture entity Indorama Ventures Olefins LLC in September 2015 from Oxy. Since acquisition, the unit has been completely revamped with additional debottlenecking to take it to 430 KTA ethylene. The unit is now staffed at near 140 employees and in the process of a start-up projected in early Q1 2019. Nearly 80% of the plant capacity for ethylene will be captive to supply the EOEG plant (IVOG) in Clear Lake, TX.