BP to shutdown IPA plant at Baglan Bay in March, 55 job cuts
18 February 2004 12:35 [Source: ICIS news]
LONDON (CNI)--BP is to shutdown its isopropanol (IPA) production at Baglan Bay, south Wales on 31 March with 55 job losses.
The move will bring to an end more than 40 years of petrochemicals production at the site near Port Talbot. The firm blamed the small scale of the approximately 100 000 tonne/year IPA plant and lack of production integration for the closure plan.
Wayne Zakers, BP's business manager for IPA, said steps were being taken to safeguard supply to customers.
Earlier today, ExxonMobil Chemical announced it is to acquire the sales and marketing assets of BP's European IPA business.
Last year, Shell announced the planned closure of its approximately 90 000 tonne/year IPA plant at Stanlow.
By: Glenda Thisdell
+44 20 8652 3214
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