11 May 2011 19:10 [Source: ICIS news]
Correction: In the ICIS story headlined “Indorama may not restart full Alabama PET production until June “ dated 11 May 2011, please read in the fourth paragraph … BP declared force majeure (FM) on PTA production following a storm-related power cut … instead of … force majeure (FM) on paraxylene (PX) and PTA production …. A corrected story follows.
HOUSTON (ICIS)--Indorama has restored partial power at its polyethylene terephthalate (PET) plant in Decatur, Alabama, but may not resume full production until June, a company source said on Wednesday.
The process of re-melting the material that was being processed at the time of the power cut is now underway, the source said.
However, other operations will only be possible once full power is restored and BP is able to supply the necessary quantities of purified terephthalic acid (PTA), he added.
BP declared force majeure (FM) on PTA production following a storm-related power cut at its Decatur site on 28 April, which also prompted Indorama to declare FM on PET production.
BP is currently able to supply some PTA from its Cooper River site in South Carolina, but the Indorama source said this is insufficient to allow for a return to normal levels of PET production.
In a statement released on 9 May, Indorama said that “full commercial [PET] production is expected to be achieved during 2nd half of May 2011”.
However, the company source said the precise date depends on when BP restarts its PX and PTA operations at Decatur, and could potentially be as late as June.
BP confirmed that power at the site had been restored, but declined to give details on the status of its PX and PTA operations.
Other PET producers in the US include DAK Americas, Mossi & Ghisolfi (M&G) and NanYa.
For more on PET and PX visit ICIS chemical intelligence
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|