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Business

Williams Cos. may sell cracker

by Alexander H. Tullo
September 12, 2016 | APPEARED IN VOLUME 94, ISSUE 36

Williams Cos. is looking for ways to “monetize” its ethylene cracker in Geismar, La. Options include selling the 900,000-metric-ton-per-year plant outright and running it for another firm in a tolling arrangement. Williams owns 88% of the plant, with Saudi Basic Industries Corp. holding the balance. Williams is pitching the plant as a way for a company that makes ethylene derivatives to back-integrate without taking on the risk of building its own Gulf Coast facility.

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