01 April 2008 17:06 [Source: ICIS news]
SAN ANTONIO, ?xml:namespace>
Petromont on 12 February unveiled plans to suspend operations in Varennes and
“They will probably dismantle the plant and sell the assets,” a Canadian government official said on the sidelines of the National Petrochemical & Refiners Association (NPRA) annual meeting.
Petromont is a limited partnership between Dow Chemical and an arm of the
The company had previously said it would not dismantle its assets, but rather keep the units mothballed until economic conditions changed.
Dow Chemical in December said it planned to write down its Petromont plants as part of a global plan to cut costs.
For more on olefins visit ICIS chemical intelligence
Bookmark Simon Robinson’s Big Biofuels Blog for some independent thinking on biofuels
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