23 December 2010 04:39 [Source: ICIS news]
SINGAPORE (ICIS)--Oman Polypropylene has delayed the restart of its 340,000 tonne/year polypropylene (PP) plant in Sohar to January 2011 because of technical problems, a source close to the company said on Thursday.
The plant was shut down in early November amid a feedstock shortage and was originally scheduled to restart in mid-December.
“It is not clear exactly what the reason behind the delayed restart is, but what is being cited is a technical issue,” the source said.
Oman Polypropylene officials were not immediately available to comment.
Traders told ICIS the extended shutdown has tightened the supply of PP in the Middle East.
Oman Oil owns a 40% stake in Oman Polypropylene, while LG International Corp, Gulf Investment Corp and International Petroleum Investment Co (IPIC) each hold a 20% stake in the PP maker.
Additional reporting by Chow Bee Lin
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