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Williams Partners advances Geismar olefins plant restart

Oct. 29, 2014 3:57 PM ETWilliams Partners L.P. (WPZ) StockBy: Carl Surran, SA News Editor
  • Williams Partners (NYSE:WPZ +1.6%) says it plans to resume ethylene production as soon as next month at its rebuilt and expanded Geismar, La., olefins plant following a series of delays after a 2013 explosion at the site.
  • WPZ says all major construction related to Geismar’s rebuild, expansion and safety-related upgrades has been completed, and the plant is scheduled to begin manufacturing ethylene for sale in November.
  • The 600M lb./year expansion project will bring Geismar’s ethylene production capacity to 1.95B lbs./year from 1.35B lbs/year, with WPZ's share of the total capacity amounting to ~1.7B.
  • WMB +3.1%.

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