01 February 2011 17:27 [Source: ICIS news]
(releads and updates throughout)
By Franco Capaldo
LONDON (ICIS)--Political unrest in Egypt, which has affected some chemicals operations in the region and helped push the price of oil over $100/bbl, intensified on Tuesday as demonstrators stepped up their protests against the current regime.
Tens of thousands of people have held huge rallies in the centre of ?xml:namespace>
The unrest has destabilised
Caustic soda prices were set to rise in North Africa as
A number of chemical plants in
Producer TCI Sanmar closed its 200,000 tonne/year caustic soda plant at Port Said on 29 January because riots in the local area had made it impossible to operate, while EPC’s 120,000 tonne/year caustic soda plant in Alexandria was also thought to have shut down.
Meanwhile, methanol producer Methanex temporarily closed its office in
Methanex CEO Bruce Aitken said commissioning activities at the company’s new 1.3m tonne/year joint venture EMethanex methanol plant at
There was also growing concern about disruption to the
However, according to shipping agents, the 192km-long canal has not yet been affected and has been operating as usual. Nevertheless, sources added that there could be delays in shipping activities in the
A fuel exporter said that offices at the
Violence between government forces and protestors has left at least 125 people dead since the beginning of rallies on 25 January.
In related news, King Abdullah of
Additional reporting by Stefan Baumgarten, Nurluqman Suratman, James Mills, Mark Victory, Mike Nash and Pearl Bantillo.
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