PIC reduces urea output on back of gas shortage

29 May 2008 09:38  [Source: ICIS news]

PIC cuts urea output on gas shortageLONDON (ICIS news)--Kuwait's Petrochemical Industries Co (PIC) has cut urea production by 50% because of reduced gas supplies, a company source said on Thursday.

 

PIC’s three urea plants in Shuaiba, which have a total capacity of around 1.04m tonnes/year, were forced to cut back output by half from the second week of May through to the end of the month.

 

The disruption to gas supplies was a result of revamping and construction work at a government-owned power plant about 80km (50 miles) from Shuaiba.

 

PIC did not specify exactly how much tonnage would be lost but said the impact on its customers would not be that significant.

 

 “We lost some opportunities to increase our spot sales. Otherwise our commitments are okay,” said the company source.

 

Some changes to the PIC shipping schedule had also been mutually agreed with customers.

 

PIC has long-term agreements with customers in countries including the US, Thailand and Australia.

 

For more on fertilizers see ICIS chemical intelligence
For more discussion on the chemicals industry visit ICIS connect

 

 


By: Carl Roache
+44 20 8652 3214



AddThis Social Bookmark Button

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.

Printer Friendly