SOURCE: Industrial Info Resources

Industrial Info Resources

September 14, 2010 05:30 ET

PetroLogistics Nears Completion of New Propylene Plant in Texas, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - September 14, 2010) -  Researched by Industrial Info Resources (Sugar Land, Texas) -- PetroLogistics LLC (Houston, Texas) is nearing completion of a $300 million project to convert a former Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) ethylene plant to produce propylene. The project is scheduled for completion toward the end of September. The plant, located on the Houston Ship Channel, was purchased in 2008, and will be owned and operated under the company name PL Propylene LLC.

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