LyondellBasell Reveals Plans for New $2B Chemical PlantLyondellBasell Reveals Plans for New $2B Chemical Plant

International chemicals and refining firm LyondellBasell is mulling over potential plans to build a new, $2 billion chemicals and polypropylene production plant in the U.S. Gulf Coast region, the firm’s chief executive officer told the Houston Chronicle in an article published Wednesday.

The firm’s head, Bob Patel, told the newspaper that the plant will use propane as a feedstock to produce chemicals and plastic products for end uses throughout the Americas.

“It’ll take us a good part of about 12 months before we get to the point where we make a final decision,” the chief executive officer told the Chronicle. “But, yes, PDH (propane dehydrogenation) and polypropylene is the next project.”

While Patel suggested to the newspaper that the plant’s location will be in the U.S. Gulf Coast, where investment in chemical and plastics facilities is at a high as the U.S. shale gas market expands.