KPC prepares Rotterdam base oils plant shutdown

12 February 2008 15:56  [Source: ICIS news]

LONDON (ICIS news)--Kuwait Petroleum Corp (KPC) will shut down its base oils plant at Rotterdam in the Netherlands for a one-month turnaround this week, a company source said on Tuesday.

“We are slowly shutting down various units, and base oils production is due to stop in the next couple of days,” the source said.

The four-week stoppage is one of several scheduled turnarounds planned in northwest Europe (NWE) during the first quarter of 2008, which are expected to keep supply snug, sources said.

Several market participants reported tightness in the SN (solvent neutral) 150 and brightstock markets. Spot cargoes for these products were difficult to source in NWE, although customers said their contracted volumes were all covered.

Kuwait Petroleum’s plant has a nameplate capacity of 235,000 tonnes/year.

By: Shelley Kerr
+44 20 8652 3214

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