Axiall Selects Louisiana as Site of Contemplated Ethylene Cracker
ATLANTA--(BUSINESS WIRE)--Dec. 19, 2013-- Axiall Corporation (NYSE: AXLL) today announced that the company has selected the state of Louisiana as the location of a possible world-scale ethylene cracker to be built in conjunction with a related derivatives plant. Axiall proposes to construct the facility with a soon-to-be-named partner, and Axiall’s contemplated capital investment in the project would be approximately $1 billion. Axiall expects to finance its portion of the investment with a combination of new debt and cash on hand.