22 February 2011 12:00 [Source: ICIS news]
LONDON (ICIS)--State-owned oil company National Oil Corp (NOC) of Libya has stopped methanol production at its plant at Marsa El Brega due to safety fears amid political unrest in the north African country, according to a source with Chempetrol.
The source said production was believed to have been stopped on 21 February and that methanol was being put into storage for security.
The plant would probably not restart until the unrest is over, the Chempetrol source said.
The source added that the plant, which has an annual output of about 680,000 tonnes/year, was recently running at 70-80% of capacity.
The source said that it was unclear at this point what impact the closure would have on methanol supply, as it depended on how long the unrest continues.
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.
|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|
Asian Chemical Connections