01 September 2010 22:32 [Source: ICIS news]
HOUSTON (ICIS)--Petrologistics said on Wednesday it plans to start up operations at its propylene plant in ?xml:namespace>
The 544,000 tonne/year unit in
“The official start-up is scheduled for 8 September,” said Petrologistics’ senior vice president Hank Jeans.
Petrologistics expects to run the unit at capacity within 30 days of the start-up, he said
The unit would produce chemical- (CGP) and polymer-grade propylene (PGP) through propane dehydrogenation (PDH), the only plant of its kind in the
“It will be interesting to see how it will affect the propylene market,” a source said, pointing to questions about supply balance in September due to refinery turnaround season.
The start-up at Petrologistics would coincide with a renewed uptrend in
US polymer-grade propylene (PGP) contracts in August settled at 57.50 cents/lb ($1,268/tonne, €1,002/tonne), up by 2.00 cents/lb, while chemical-grade propylene (CGP) contracts rose to 56.00 cents/lb, also a 2.00 cent/lb increase.
($1 = €0.79)
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