Honeywell declares FM on contract caprolactam

16 March 2011 16:10  [Source: ICIS news]

Honeywell declares FM HOUSTON (ICIS)--Honeywell declared force majeure (FM) on caprolactam (capro) for all contract customers effective 15 March, the company said on Wednesday.

The FM was caused by difficulty in obtaining Honeywell’s capro feedstock, phenol. Most capro is made from benzene via cyclohexane.

Caprolactam is a feedstock for nylon 6.

Honeywell’s FM comes after Sunoco declared FM on phenol.

Honeywell has a 375,000 tonne/year capro plant in Hopewell, Virginia, according to ICIS plants and projects.

The company said it expects the plant to run at reduced rates through at least mid-April.

Asian spot buyers said earlier in the week that they were not being offered material from Honeywell, and contract buyers said they were being sold less volume than normal.

Earlier on Wednesday, a northeast Asian capro producer said Japanese producers might have to declare FM as a result of feedstock and power shortages following last week's earthquake and tsunami.

To learn more about caprolactam visit ICIS chemical intelligence
To learn more about Honeywell visit ICIS company intelligence

By: John Dietrich

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