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


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.

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  • jpmj4847
    , contributor
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    Good for ARLL and the State of La. Cracker plants are up and down the Mississippi River and the Gulf Coast, thanks to the gas boom..... Long ARLL.
    12 Feb 2014, 01:30 AM Reply Like
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