16 September 2008 20:29 [Source: ICIS news]
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The company’s 380,000 tonne/year ?xml:namespace>
The buyer said LyondellBasell had sent a letter to customers, but it did not provide details on allocation levels or when the plant would restart. The company would not comment.
LyondellBasell spokesman David Harpole said the company would not discuss letters to customers.
The entire US VAM production, totalling close to 1.7m tonnes/year, comes from five plants in the
Harpole said 13 of LyondellBasell’s 14
Harpole said the company was still inspecting plants for damage and had not yet found any serious damage.
LyondellBasell expected to have the plants running “in the fairly near future”, Harpole said, but he said he could not be more specific.
The latest US VAM third-quarter contract prices were assessed at 67-71 cents/lb ($1,477-1,566/tonne, €1,034-1,096/tonne), according to global chemical marketing intelligence service ICIS pricing.
($1 = €0.70)
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