25 November 2009 12:31 [Source: ICIS news]
LONDON (ICIS news)--INEOS ChlorVinyls will invest several tens of millions of pounds sterling in its chloromethanes assets in Runcorn, northwest England, over the next five years to underpin the business for the next decade, the company said on Wednesday.
The company plans to replace key parts of the ageing plant, which produces methylene chloride and chloroform, and upgrade some ancillary equipment.
The investment follows the completion of a number of long-term contractual offtake agreements, it said. It will help secure a significant proportion of the chlorine output at the Runcorn site, the company added.
The 155,000 tonne/year plant was re-started in the week beginning 15 November following routine maintenance.
INEOS ChlorVinyls produces a range of chlorinated solvents, including methylene chloride, which is the most widely used of the chlorinated solvents.
Methylene chloride has variety of applications, such as paint and varnish removal; as an extraction medium/process solvent; and for electronics and metal cleaning.
The company’s trichlorethylene (TCE) and perchlorethylene (PCE) plants at the Runcorn site were closed in the first quarter of this year.
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