Lotte Chemicals lifts PTA FM at Wilton, plant at full rates

16 February 2011 21:49  [Source: ICIS news]

VALENCIA, Spain (ICIS)--Lotte Chemicals UK (LCUK) has lifted its force majeure (FM) on purified terephthalic acid (PTA) from  its 500,000 tonne/year Wilton unit, which is now running flat out, a company source said on Wednesday.

“We are running at full pace. Hydrogen supply has been reconstituted and we are confident that it will stay at a decent rate,” the source said.

It added that the allocation declared earlier in the month would continue until March.

Details were not released by time of going to press.

“We are confident that if BP’s acetic acid FM gets no worse, there will be no problem,” according to the source.

BP declared FM on upstream acetic acid in January.

LCUK’s FM began on 4 February after a utility supplier failed to deliver the required hydrogen.

The PTA and downstream polyethylene terephthalate (PET) markets have experienced tightness caused by a string of PTA FMs that began at the end of 2010.

These have resulted in a PET FM out of Artenius’s plants and reductions of 40-60% in operating rates at other European sites.

BP’s PTA 3, which is part of a 3.3m tonne/year unit at Geel, Belgium, remains on FM, BP confirmed earlier on Wednesday.

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By: Caroline Murray
44208 652 3214

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