Iran’s Arya Sasol shuts down LDPE plant on technical issues

23 July 2010 08:33  [Source: ICIS news]

SINGAPORE (ICIS news)--Iran’s Arya Sasol Petrochemical Co shut down its 300,000 tonne/year low density polyethylene (LDPE) plant in Assaluyeh this week on technical issues and expects to restart it by the end of July, a source close to the company said on Friday.

“The plant was shut down this week due to a minor problem but the matter is being attended to and it should restart by the end of the month,” the source added.

Supply of LDPE from Iran had been restricted due to the shutdown, market sources said.

“However, Laleh Petrochemicals’ 300,000 tonne/year LDPE plant at Bandar Imam is running normally, so some cargoes are still coming in from Iran,” said a Karachi-based trader.

Arya Sasol’s 300,000 tonne/year high density PE/medium density PE (HDPE/MDPE) plant at Assaluyeh has also been down since the beginning of July due to an extruder problem, a second source said.

“The extruder is undergoing repairs and will restart by the end of the month,” the source said. However, the shutdown did not have a big impact as the HDPE market was oversupplied, market sources said.

Arya Sasol is a joint venture between Iran’s National Petrochemical Co (NPC) and South African major, Sasol.

Laleh is a joint venture of Iran’s National Petrochemical Co, Saudi Basic Industries Corp (SABIC) and Iran’s Poushineh Industrial Group.

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By: Prema Viswanathan
+65 6780 4359

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