PORT
ARTHUR, Texas, July 21,
2022 /PRNewswire/ -- Bayport Polymers LLC
("Baystar®"), a 50/50 joint venture ("JV")
between TotalEnergies (NYSE:
TTE) and Borealis, today announces the start-up of a
new ethane cracker with an annual production capacity of one
million tons of ethylene.
This almost $2 billion project
built on the site of and operated by the TotalEnergies refinery in
Port Arthur, Texas, represents 14
million hours worked with more than 2,500 workers at peak
construction.
The ethylene produced by the cracker will be used as feedstock
to supply Baystar®'s existing polyethylene (PE) units,
as well as a new Borstar® technology polyethylene
unit currently under construction in Bayport.
"After significant investments in U.S. LNG and renewable
electricity in 2022, the start-up of this new cracker is another
milestone strengthening TotalEnergies' presence in the United States. This investment is in
perfect alignment with our strategy to develop petrochemicals at
our integrated platforms. At Port
Arthur, we take advantage of the abundance of ethane in the
U.S.," said Bernard
Pinatel, President, Refining & Chemicals,
TotalEnergies.
"I am excited to see the start-up of this new ethane cracker, an
important milestone for us as we are expanding our global footprint
through Baystar. We are pleased to bring Borealis' proprietary
Borstar® technology to North
America for the first time, allowing Baystar to produce
enhanced polyethylene products for the most demanding
applications," said Borealis CEO, Thomas Gangl.
"This is an important milestone for Baystar as we become a fully
integrated polyethylene company. Our focus is on growing the
polymers market in North America
and leveraging the power of partnership with TotalEnergies and
Borealis," said Diane
Chamberlain, Baystar President.
The Baystar® JV is the translation of the growth
ambitions of TotalEnergies and Borealis in the United States. It includes:
- The Baystar site in Bayport (Pasadena, Texas) with a 400,000
ton-per-year PE capacity.
- The one million ton-per-year ethane cracker at the
TotalEnergies Port Arthur Refinery, which now has successfully
started operations.
- The under-construction 625,000 metric ton-per-year PE unit
in Pasadena, using the
Borealis proprietary Borstar® technology to deliver a
broad range of products to help meet the growing global demand for
plastic products. The Borstar® process offers
simultaneous improvements in production flexibility and
environmental performance such as high energy efficiency.
Furthermore, Borstar® products excel in sustainability,
for example through light-weighting and by enabling incorporation
of more than 50% post-consumer recycled materials in some end
products
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and
markets energies: oil and biofuels, natural gas and green gases,
renewables and electricity. Our more than 100,000 employees are
committed to energy that is ever more affordable, cleaner, more
reliable and accessible to as many people as possible. Active in
more than 130 countries, TotalEnergies puts sustainable development
in all its dimensions at the heart of its projects and operations
to contribute to the well-being of people.
Twitter: @TotalEnergies | LinkedIn: TotalEnergies | Facebook:
TotalEnergies | Instagram: TotalEnergies
About Borealis
Borealis is one of the world's leading providers of advanced and
sustainable polyolefin solutions and a European front-runner in
polyolefins recycling. In Europe,
we are a market leader in base chemicals and fertilizers. We
leverage our polymer expertise and decades of experience to offer
value adding, innovative and circular material solutions for key
industries such as consumer products, energy, healthcare,
infrastructure and mobility.
In re-inventing essentials for sustainable living, we build on
our commitment to safety, our people, innovation and technology,
and performance excellence. We are accelerating the transformation
to a circular economy of polyolefins and expanding our geographical
footprint to better serve our customers around the globe.
With head offices in Vienna,
Austria, we employ 6,900 employees and operate in over 120
countries. In 2021, we generated total sales of EUR 12.342 EUR billion and a net profit of
EUR 1,396 million. OMV, the
Austria-based international oil
and gas company, owns 75% of our shares, while the remaining 25% is
owned by a holding company of the Abu-Dhabi based Mubadala. We supply services
and products to customers around the globe through Borealis and two
important joint ventures: Borouge (with the Abu Dhabi National Oil
Company, or ADNOC, based in UAE); and Baystar® (with
TotalEnergies, based in the US).
www.borealisgroup.com | www.borealiseverminds.com
Borstar is a registered trademark of Borealis AG.
About Bayport Polymers LLC
("Baystar®")
Bayport Polymers is a North American petrochemical company
primarily engaged in the manufacturing and sale of polyethylene,
known commercially as Baystar, and based in Pasadena, TX. Baystar was formed in 2018 and
is a 50/50 joint venture between Borealis and TotalEnergies
Petrochemicals & Refining USA,
Inc. We were created to leverage the strengths of our Sponsors to
efficiently and safely manufacture innovative chemical products
which improve safety and comfort and enhance everyday quality of
life. We combine TotalEnergies' existing polyethylene 400 kt/y
facility in Pasadena, Texas, with
Borealis' proprietary Borstar® technology to deliver a broad range
of products and help meet the growing global demand for plastic
products. The JV also includes the one-million-ton per year ethane
cracker in Port Arthur, Texas, and
the 625,000 metric ton-per-year Borstar® polyethylene unit in
Pasadena, Texas
Baystar is a registered trademark of Bayport Polymers LLC
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SOURCE TotalEnergies; Borealis