INEOS to shut Antwerp butac plant for maintenance from 10 Dec

25 November 2010 12:45  [Source: ICIS news]

LONDON (ICIS)--INEOS’s butyl acetate unit in Antwerp, Belgium, will go into a scheduled maintenance from 10 December, a company source said on Thursday.

The source said the unit, with a 100,000 tonne/year nameplate capacity, would undergo routine maintenance for two weeks.

“We plan to restart just before Christmas, but if there are problems, it will be just after,” the source added.

The company has had a force majeure (FM) declaration in place for butyl acetate supplies due to the limited supply of feedstock butanol from the Oxochemie unit in Lavera, France, which was affected by the strikes in the country in October. 

Despite the force majeure on butyl acetate, prices softened slightly by €10/tonne ($13/tonne) in November due to the lacklustre level of demand.

Spot prices were assessed between €1,090-1,130/tonne ($1,453-1,507/tonne) free delivered (FD) northwest Europe (NWE), according to ICIS data.

($1 = €0.75)

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By: Jane Massingham
+44 20 8652 3214

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