Hous­ton to build mas­sive fac­tory

China Daily (Hong Kong) - - BUSINESS -

Hous­ton petro­chem­i­cal com­pany Lyon­del­lBasell said it will move for­ward with its most ex­pen­sive project ever near the Hous­ton Ship Chan­nel that would be­come the largest fac­tory of its kind in the world. Ac­cord­ing to lo­cal me­dia re­ports, the $2.4 bil­lion plant would cre­ate some 2,500 con­struc­tion jobs and 160 per­ma­nent po­si­tions, rep­re­sent­ing a con­tin­u­a­tion of the petro­chem­i­cal boom along the US coast. The Hous­ton area to­day boasts one of the world’s great­est con­cen­tra­tions of petro­chem­i­cal plants. Even the in­dus­try’s ex­pan­sion has slowed as projects have been com­pleted, but it con­tin­ues to at­tract in­vest­ment from some of the world’s big­gest com­pa­nies. Hous­ton is the most pop­u­lous city in the state of Texas and the fourth-most pop­u­lous city in the United States.

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