INEOS shuts down Hull etac unit as cold snap causes C2 restrictions

17 December 2010 14:10  [Source: ICIS news]

LONDON (ICIS)--INEOS had to unexpectedly shut down its ethyl acetate plant in Hull, UK, on 11-12 December, a company source said on Friday.

This was a result of restrictions on supplies of ethylene (C2) after the cold snap in the north of the UK resulted a shutdown of one of the furnaces at the company's Grangemouth cracker, the source added.

INEOS was due to complete some maintenance at its 245,000 tonne/year ethyl acetate plant and hoped the maintenance could be carried out during this downtime. If the work were to take place, it would take approximately two weeks to complete.

Prices were currently assessed at €900-930/tonne ($1,184-1,234/tonne) free delivered (FD) northwest Europe (NWE), but a couple of producers were targeting higher prices in January due to increased feedstock costs.

One manufacturer announced a €90/tonne rise for January. Increases were expected on ethylene, ethanol and acetic acid moving into January and the first quarter.

There was no reaction on the proposed ethyl acetate increases from customers yet.

($1 = €0.76)

For more on ethyl acetate visit ICIS chemical intelligence
For more on INEOS visit ICIS company intelligence
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By: Jane Massingham
+44 20 8652 3214

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