Houston container volumes to soar as result of new petrochemical plants
Saturday, February 20, 2016
The Port of Houston has a Texas-sized problem, one that other ports can only envy. It’s gearing up to handle a quantum leap in containerized exports of plastic resins that will be produced at the billions of dollars’ worth of petrochemical plants due to come on line in the next three or four years.
By 2020, six plants will turn cheap natural gas into exports of polyethylene equal to one-fifth of all the containers handled by the port last year, when it posted double-digit growth. “We had an extraordinary year last year, surpassing 2 million 20-foot-equivalent units for the first time in our history,” Roger Guenther, executive director of the Port of Houston Authority, told JOC.com. READ MORE...