28 March 2011 10:07 [Source: ICIS news]
“We declared force majeure on ethylene, pygas and butadiene on 24 March as the cracker was shut because of the unforeseen failure and damage to the seawater pipeline cooling system,” the official said.
He added that the outage and FM was expected to last until 6-7 April or later.
He said the company’s pygas capacity is 200,000 tonnes/year and butadiene plant capacity is 115,000 tonnes/year. They are all located at Assaluyeh.
The official said that four to five vessels or the bulk of a 11,000 tonne ethylene cargo - which was heard to be available for April shipment - would be cancelled because of the cracker outage.
“We have stopped negotiations because there are no quantities to offer and we are monitoring what happens to our plant,” he said, adding that the company's ethylene fixtures are normally done on a formula basis.
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