MCG Postpones FID for MMA Facility Citing Current Market Volatilities

摘要

Geismar-Mitsubishi Chemical Group(MCG)has decided to defer a final investment decision(FID)by six to 18 months for its proposed methyl methacrylate(MMA)facility in Geismar,La.,due to current market volatilities.The 350,000-t/y MMA plant,on which a FID is expected in fiscal year 2023,will be based on Lucite's ethylene-based Alpha technology.The project will also include integrated production units for key raw materials,such as carbon monoxide and methanol.