Styrolution to take Antwerp styrene offline on cost, technical issues

27 January 2011 15:51  [Source: ICIS news]

LONDON (ICIS)--German styrene producer Styrolution has brought forward a planned shutdown at its Antwerp, Belgium, facility due to unforeseen technical problems and increasing cost pressure, a source at the company said on Thursday.

While a scheduled shutdown had been planned for later in the first quarter, the company source explained that the current market situation had made it increasingly difficult to produce styrene without a cash loss.

There has been a surge in benzene feedstock values in Europe because of unplanned production problems and high crude prices

The source added that the styrene unit would be taken offline this weekend for an undefined time period.

The Antwerp site has the capacity to produce 500,000 tonnes of styrene annually, according to ICIS data.

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By: Truong Mellor
+44 208 652 3214

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