Axiall +7.6% AH on deal for proposed ethane cracker in Louisiana

|About: Axiall Corporation (AXLL)|By:, SA News Editor

Axiall (AXLL) +7.6% AH as it joins with Korea's Lotte Chemical to announce an agreement to pursue a 50/50 joint venture arrangement for the design, construction and operation of a proposed 1M metric ton/year ethane cracker to be located in Louisiana.

The companies expect to jointly award a front-end engineering design contract for the cracker in Q1 2014.