28 March 2011 16:36 [Source: ICIS news]
LONDON (ICIS)--LyondellBasell has declared force majeure (FM) on butadiene (BD) supplies following technical issues on its extraction unit based at Wesseling in Germany, market sources said on Monday.
Reports regarding some problems at the 170,000 tonnes/year butadiene extraction unit began to surface on 24 March.
“They [LyondellBasell] declared force majeure on Thursday [24 March],” a source said.
There is talk that the extraction unit will have to shut down some time this week for five days in order to effect a repair.
LyondellBasell do not comment on operational issues.
Technical problems also emerged at Evonik’s extraction unit in Marl, Germany, last week. A one-week shutdown was scheduled to begin on 10 April.
There had already been constraints on BD feedstock crude C4 output prior to the extraction unit issues because of planned and unplanned cracker shutdowns, and the shift that some cracker operators had made to lighter feedstocks which produce less crude C4.
Dow’s Terneuzen, Netherlands BD unit is in planned maintenance with a restart expected around 25 April.
The European April BD monthly contract price (MCP) settled at €1,690/tonne ($2,380/tonne) on 24 March, up by €135/tonne. The contract settles on a free delivered (FD) northwest Europe (NWE) basis.
($1 = €0.71)
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