Venezuela LLDPE turnaround to start in June

31 May 2011 22:10  [Source: ICIS news]

HOUSTON (ICIS)--Venezuelan polyolefins producer Pequiven plans to stop its linear low density polyethylene (LLDPE) plant for maintenance during the second week of June, a company source said on Tuesday.

The turnaround at the 190,000 tonne/year plant is expected to last between 40-47 days, the source said.

Buyer sources said the turnaround has been postponed several times because of inadequate inventories ahead of the scheduled dates.

The emergency inventories appeared to be under control this time, with some imports already arriving in the country to keep buyers supplied during the procedure.

About 30,000 tonnes of polyethylene (PE) were scheduled to arrive between now and September, together with 12,000 tonnes of polypropylene (PP) to arrive during the same period, industry sources said.

Ethylene production was scheduled to stop in order to coincide with the PE plant maintenance, but this could not be confirmed on Tuesday.

Buyers said the government was setting up credit lines with state banks to finance the purchases of imported material, which will be sold at international prices.

For more on polyethylene visit ICIS chemical intelligence

By: George Martin
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