08 June 2011 15:26 [Source: ICIS news]
LONDON (ICIS)--Egypt’s Oriental Petrochemicals Co (OPC) will restart its 160,000 tonne/year polypropylene (PP) facility in the middle of next week, a company source said on Wednesday.
The plant went off line in the second half of May but the company did not give a reason for the shutdown.
Previously, the plant had been running at reduced capacity because of a shortage of propylene supply from its primary provider in Libya.
OPC, whose PP unit is located in the industrial zone in the northwest Gulf of Suez, is the only PP producer in Egypt.
The company has announced a $40/tonne (€27/tonne) decrease in homopolymer raffia PP prices for the domestic market in June, the equivalent of Egyptian pound (£E) 238/tonne, leaving domestic prices at £E12,362/tonne ex-factory, including a 10% tax.
($1 = €0.68, $1 = £E5.94)
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