SABIC Olefins 4 cracker at Geleen begins restart process

04 February 2011 12:27  [Source: ICIS news]

SABICLONDON (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.

Spot prices for both ethylene and propylene (C3) were firm and generally pegged at or just above the respective February contract prices.

Ethylene settled at €1,135/tonne ($1,555/tonne), up €25/tonne from January.

Propylene settled at €1,105/tonne, up €35/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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By: Nel Weddle
+44 20 8652 3214

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