04 February 2011 12:27 [Source: ICIS news]
LONDON (ICIS)--SABIC’s Olefins 4 cracker at Geleen in the Netherlands is in the process of restarting following an unplanned outage, a company spokesperson said on Friday.
“As planned, we expect to run on-spec end of this week” she added.
The cracker, which according to the company has a nameplate capacity of 675,000 tonnes/year of ethylene (C2), is one of two operated by SABIC at the site. It was taken down on 26 January following technical problems.
A late-planned shutdown was underway at Dow Chemical’s No 2 cracker at Terneuzen, also in the Netherlands, according to market sources. The cracker, which has the capacity to produce 580,000 tonnes/year of ethylene, was taken offline by 28 January for two weeks.
Olefins supply was balanced-to-tight, sources said. Some derivative production problems had helped to offset the recent unplanned and late-planned outages, but there would still have been some impact on ongoing preparations to manage upcoming scheduled maintenance.
Ethylene settled at €1,135/tonne ($1,555/tonne), up €25/tonne from January.
The contracts settle on a free delivered (FD) northwest European (NWE) basis and are fully confirmed.
($1 = €0.73)
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