LyondellBasell to close Carrington, UK LDPE unit

15 September 2009 12:43  [Source: ICIS news]

LONDON (ICIS news)--LyondellBasell confirmed on Tuesday that it will close its 185,000 tonne/year low density polyethylene (LDPE) unit at Carrington in the UK at the end of the year.

“Taking into account the current market environment and our future projections, we’ve concluded that the plant is no longer economically viable,” said Tassilo Bader, LyondellBasell’s senior vice president, Olefins and Polyethylene, Europe and International.

“We are able to meet projected customer demand for LDPE with product supplies from our other LDPE facilities.

“With more than 300,000 tonnes of capacity, our Berre [France] plant represents a dramatic step change in the production of LDPE, with superior investment and operational economics,” Bader said.

The company was in discussions with trade union and employee representatives over the future of Carrington's 50 staff.

The smaller of two lines at Carrington was down for several months in 2009 for commercial reasons but is now back up and running normally.

LDPE availability in Europe was generally tight and prices in September had risen by €100/tonne ($145/tonne) from August, leaving net prices above €1,000/tonne FD (free delivered) NWE (northwest Europe) on Friday, according to global chemical market intelligence service ICIS pricing.

To discuss issues facing the chemical industry visit ICIS connect

By: Lucy Craymer
+44 20 8652 3214

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