02 September 2009 14:42 [Source: ICIS news]
LONDON (ICIS news)--Croda Europe is planning to permanently shut down its tallow fatty acid plant in Merseyside, UK, at the end of September, a company source said on Wednesday.
The source said the plant was being shut for “economical” reasons, but declined to divulge further details.
The plant produces tallow-based stearic and oleic acid and has a capacity of 80,000-90,000 tonnes/year. In recent years output had been limited to 30,000-50,000 tonnes/year, approximately 8-9% of the European market, according to a market source.
A source at another major European oleochemical producer said the effects of the closure on fatty acid markets would primarily be felt in the ?xml:namespace>
Croda is the only producer of fatty acids in the
The lost volume would have an indirect effect on the European market as
Croda was not immediately available to comment.
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