Geismar

Methanex Sanctions Third Methanol Plant on Louisiana Coast

With fuel supplied by abundant Lower 48 natural gas, Methanex Corp. has sanctioned a 1.8 million metric ton/year (mmty) methanol plant in Geismar, LA, adjacent to its two existing facilities.

July 22, 2019

Shell Begins Producing from Fourth Unit at Geismar, LA, Facility

Fed by ample natural gas stocks, Shell Chemical LP has begun producing from its fourth alpha olefins (AO) unit at its Geismar, LA, chemical manufacturing site, bringing total output to more than 1.3 million metric tons/year (mmty).

January 7, 2019

Williams Selling Geismar Olefins Plant to Nova For $2.1B

Williams Partners LP is selling all of its interest in Williams Olefins LLC, which owns an 88.46% stake in the Geismar, LA, olefins plant and associated complex, to Nova Chemicals for $2.1 billion in cash.

April 17, 2017

Williams Partners Weighing Geismar Plant Sale

Williams Partners LP is considering selling its interest in the Geismar, LA, olefins plant and complex. The process might result in a sale or a long-term, fee-for-service tolling agreement, the company said.

September 7, 2016

Shell’s Geismar Expansion to Create World’s Largest Alpha Olefins Facility

A unit of Royal Dutch Shell plc plans to begin construction early next year on a $717 million expansion at its Geismar campus in Ascension Parish, LA, which would make the site the largest alpha olefins (AO) producer in the world.

November 30, 2015

Geismar Nearing Full, Expanded NGL Output Rate

Six months after its restart, the Geismar, LA, olefins plant is up to 87% of its full expanded production rate, Williams Partners LP said late Thursday.

June 19, 2015

Williams Slammed by Geismar Delay, Lower NGL Margins

Williams and its pipeline unit reported that earnings in the second quarter fell 28% from a year ago amid declining natural gas liquids (NGL) and olefin margins, and the impact from yet another big delay in restarting its major plant in Geismar, LA.

July 31, 2014

Geismar Restart Set for June; Williams Considers Big Expansion

The Geismar olefins plant operated by Williams northwest of New Orleans, which has been shuttered for almost a year, is scheduled to restart in June, with expansion plans back on the table, management said Thursday.

May 2, 2014

Industry Briefs

The U.S. Court of Appeals for the District of Columbia Circuit has upheld a ruling by the U.S. District Court for the District of Columbia that found the Commodity Futures Trading Commission (CFTC) did not act illegally in promulgating Dodd-Frank regulations. The Investment Company Institute and the U.S. Chamber of Commerce brought the action against the CFTC, arguing that the adopted regulations applying to derivatives trading were unlawfully adopted and invalid. The district court “granted summary judgment in favor of the Commission. Because we agree with the district court that the Commission did not act unlawfully in promulgating the regulations, we affirm,” ruled the appeals court. Specifically, the two groups challenged a rule that would subject registered investment companies (RIC) engaged in derivatives trading to many of the Dodd-Frank requirements. Prior to 2003, RICs engaged in rare derivatives trading activities, but that has since changed, according to the CFTC. It is the agency’s latest legal victory with respect to its Dodd-Frank regulation of the $300 trillion.

July 1, 2013

Williams Assessing Geismar Olefins Plant Damage

Williams Partners has begun taking stock of the damage at its Geismar, LA, olefins plant caused by an explosion and fire on June 13 that killed two workers and injured more than 70 others.

June 25, 2013
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