Egypt's OPC to shut PP unit in second-half May

12 May 2011 11:28  [Source: ICIS news]

SINGAPORE (ICIS)--Egypt's Oriental Petrochemicals Co (OPC) plans to shut its polypropylene (PP) facility in the second half of May, a company source said on Thursday.

OPC’s 160,000 tonne/year PP unit is located at the industrial zone in the northwest Gulf of Suez.

The company, which is Egypt’s sole PP producer, did not specify the exact date, duration and the reason for the shutdown.

“The plant should be shut from 21 May,” a local market participant said, adding that the reason for the turnaround was because of a lack of upstream propylene.

Meanwhile, OPC is still running the plant at 80% on the back of a shortage of propylene. OPC sources propylene primarily from Libya.

Local PP supply is expected to tighten further, local market participants said.

OPC announced a $50/tonne (€35/tonne) increase of PP in the domestic market, equivalent to about Egyptian pound (£E) 300/tonne ($51/tonne) increment on PP raffia to £E12,600/tonne ex-factory, including a 10% tax.

Additional reporting by Nel Weddle and Stephanie Wilson

($1 = €0.70, $1 = £E5.94)

Please visit the complete ICIS plants and projects database 


By: Ong Sheau Ling
+65 6780 4359



AddThis Social Bookmark Button

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.

Printer Friendly

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