INEOS Polyolefins declares FM on HDPE from Lillo

14 February 2008 16:06  [Source: ICIS news]

LONDON (ICIS news)--INEOS Polyolefins has declared force majeure on high density polyethylene (HDPE) supply from one of its units based in Lillo, Belgium following constrained production, a company source reported on Thursday.

This plant mainly produces HDPE grades for the blowmoulding markets, including industrial blowmoulding.

INEOS said in a statement that it was working hard to resolve the issue on the 250,000 tonne/year unit, and was liaising with customers to assist them through this period.

HDPE producers were targeting increases in February to recover the full €78/tonne ($113/tonne) increase in first quarter ethylene after increasing prices by €50-60/tonne in January.

Full February settlements were not yet confirmed.

($1 = €0.69)

For more on HDPE visit ICIS chemical intelligence

By: Linda Naylor
+44 20 8652 3214

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