24 October 2001 22:47 [Source: ICIS news]
HOUSTON (CNI)--BP said Wednesday it will shut one of two paraxylene (PX) plants in Decatur, Alabama by the end of the month for an indefinite period because of current market conditions.
Scott Dean, a spokesman for BP in Chicago, Illinois told CNI the company expects no layoffs, adding "employees will be reassigned through the facility."
The plant produces 350 000 tonne/year of paraxylene.
Dean said the larger of the facilities, which makes 650 000 tonne/year of paraxylene, would not be affected.
He added: "We will continue to reassess the market and could restart the smaller facility when economic conditions improve."
Dean said there are no current plans to curtail paraxylene production at its Texas City, Texas location.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections