INEOS restarts Grangemouth LLDPE plant; force majeure remains

05 March 2010 10:55  [Source: ICIS news]

INEOS facility in GrangemouthLONDON (ICIS news)--INEOS Olefins & Polymers Europe has restarted its 320,000 tonne/year C6-grade linear low density polyethylene (LLDPE) plant at Grangemouth, UK, but force majeure restrictions will remain in place for some time, a company source confirmed on Friday.

“We will be starting up fairly gingerly,” said the source.

INEOS restarted the plant on 4 March, the source said.

An “agglomeration”, or build-up of product in the reactor, brought the unit to a halt during the Christmas holiday period. INEOS declared force majeure on supplies from the plant on 8 January.

PE prices in Europe have been rising in March after two months of steady increases amounting to €150-180/tonne ($203-243/tonne).

Sellers were looking for price hikes of €50-80/tonne in March, and they were more or less successful, depending on the PE grade they were selling.

Low density PE (LDPE) was the strongest sector, with high density PE (HDPE) beginning to suffer from increased imports in Europe.

Prices of C6-grade LLDPE at the end of February were around €1,220-1,250/tonne FD (free delivered) NWE (northwest Europe) on a net basis.

PE producers in Europe include Borealis, Dow Chemical, INEOS, LyondellBasell, Polimeri Europa, SABIC and Total Petrochemicals.

($1 = €0.74)

For more on polyethylene visit ICIS chemical intelligence
Please visit the complete ICIS plants and projects database
To discuss issues facing the chemical industry visit
ICIS connect

By: Linda Naylor
+44 20 8652 3214

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index