21 August 2003 18:04 [Source: ICIS news]
LONDON (CNI)--Shell Chemicals announced on Thursday plans to close its Stanlow, northwest England isopropyl alcohol (IPA) plant at the end of 2003.
About 45 jobs are associated with the approximately 90 000 tonne/year plant but a Shell Chemicals spokeswoman told CNI that it was hoped to minimise redundancies through retraining and redeployment. "Up to 20 voluntary redundancies can be expected," she said.
Neither the cost of closing the plant nor any long-term savings which might accrue from ceasing IPA production in the UK were available last night from Shell.
The plant is being closed because Shell believes it can meet the IPA demand currently fulfilled by Stanlow more cost-effectively from its five fully-integrated sites.
It said a European optimisation study showed that sufficient product volumes at lowest practical cost can be achieved through production at Deer Park (Texas), Sarnia (Canada), Pernis (Netherlands), Berre (France) and Singapore.
Shell stressed that it expects to be able to meet the global IPA growth demand of its customers from existing capacities and from future low-cost debottlenecks of the remaining sites.
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