19 May 2010 17:37 [Source: ICIS news]
LONDON (ICIS news)--Austria-based Borealis has declared force majeure on some phenol grades from its facility at Porvoo, Finland, a company spokesperson said on Wednesday.
“Borealis has problems in its phenol unit and has declared force majeure on some phenol grades. The unit was down for planned maintenance and we experienced problems when we restarted,” the spokesperson confirmed.
The phenol plant has a capacity of 195,000 tonnes/year, according to ICIS plants and projects database.
In a recent interview, Borealis’ chief financial officer (CFO), Daniel Shook, said the turnaround was ongoing and the plant was expect to come back on-stream during the weekend of 8/9 May. The shutdown started in early April.
The force majeure declaration comes at a critical time for the ?xml:namespace>
Borealis is the second
Earlier that same week, INEOS Phenol announced it had put phenol customers on 85% allocation for phenol contract volumes because of problems with the availability of raw materials.
INEOS Phenol entered into a 14-day planned turnaround at its site at
($1 = €0.82)
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