INEOS Phenol puts Europe phenol customers on 85% allocation

23 April 2010 11:38  [Source: ICIS news]

LONDON (ICIS news)--INEOS Phenol has put phenol customers on 85% allocation for contract volumes because of problems with the availability of raw materials, a company source said on Friday.

In correspondence to its customers, the company said: “Due to severe problems on the raw material side, beyond its control, INEOS Phenol has been forced put customers on 85% allocation from 1 May. This is for European phenol customers and does not concern acetone.”

INEOS Phenol will enter into a 14-day planned turnaround at its Gladbeck site in Germany on 18 May. The site has a capacity of 650,000 tonnes/year of phenol and 395,000 tonnes/year of acetone.

($1 = €0.75)

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By: Julia Meehan
+44 20 8652 3214

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