BP restarts Gelsenkirchen methanol plant after unplanned shutdown

04 February 2011 14:23  [Source: ICIS news]

LONDON (ICIS)--BP is in the process of restarting its 300,000 tonne/year methanol plant at Gelsenkirchen, Germany, following an unplanned shutdown on 25 January, a source at the company said on Friday.

The plant went offline because of a power outage and was expected to fully up and running by next week, the source said.

A trader suggested the lost volumes may have contributed to firming methanol prices, which have risen from €260-262/tonne ($356-359/tonne) FOB (free on board) Rotterdam to €268.50/tonne through the course of the week.

Other potential contributors to the bullish sentiment were outages at the 1.3m tonnes/year Salalah, Oman plant and the 850,000 tonnes/year Titan plant in Trinidad, as well as the ongoing political unrest in Egypt which has caused further delays to initial shipments from the new 1.3m EMethanex facility at Damietta, Egypt, according to market sources.

BP has plans for a turnaround at the plant from early-May to around mid-June.

For more on methanol visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect

($1 = €0.73)


By: Ross Yeo
+44 208 652 3214



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index