18 February 2009 13:30 [Source: ICIS news]
LONDON (ICIS news)--Global petrochemical producers International Specialty Products (ISP) will bring forward a planned shutdown at its Marl, Germany, butanediol (BDO) plant from the third quarter to the end of March, a company spokesperson said on Wednesday.
The shutdown at the plant, which according to data from ICIS plants and projects has a capacity of 100,000 tonnes/year, was expected to last one month.
The spokesperson said that this would not impact the company’s ability to service its markets.
The European BDO market has struggled with weak demand in the first quarter of 2009 due to the downturn in the automotive industry.
First quarter contract values were assessed at €1,500-1,650/tonne free delivered (FD) northwest Europe (NWE) by global chemical market intelligence service ICIS pricing.
($1 = €0.79)
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