Lyondell plans to expand propylene capacity at Houston

Lyondell Basell Industries (LYB.N) is evaluating expansion of propylene production capacity at its Channelview Complex near Houston, the chemicals maker said on Thursday.

An expansion would involve building a new facility and would expand propylene capacity at Channelview by more than 35% and create about 10-15 new jobs.

The facility would convert ethylene into propylene for use in the production of items such as flexible foam for mattresses, cosmetic packaging, electrical covering for 5G network infrastructure, medical syringes among others.

A final investment decision on the 400-kiloton propylene expansion project is expected toward the end of next year, Lyondell said.

The project would have an annual capacity of 950-million pounds per year.