25 September 2008 23:28 [Source: ICIS news]
The plant, which was shut down on 10 September as a precaution in anticipation of Hurricane Ike, suffered no significant damage during the storm, according to the company.
Sterling chief financial officer John Beaver said the plant has remained closed since the storm but will resume operations in early October, though he would not pinpoint a date.
"Let's just say the first week [of October] and leave it at that," Beaver said.
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The FOB (free on board) export price range for aceitic acid is $700-800/tonne (76-544/tonne), according to global chemical intelligence service ICIS pricing. List prices remain at 67-69 cents/lb.
Sterling and BP Amoco Chemical recently renewed their acetic acid supply agreement that gives BP the right to buy all of the acetic acid produced at Sterling's Texas City plant through December 2031.
($1 = €0.68)
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