Indorama raises US PET supply allocation to 75%

14 July 2011 16:55  [Source: ICIS news]

HOUSTON (ICIS)--Thailand-based Indorama has raised its supply allocation on US polyethylene terephthalate (PET) to 75% from the previous level of 45%, a company source said on Thursday.

The producer declared force majeure on PET from its 432,000 tonne/year plant in Decatur, Alabama, following a power outage on 28 April and initially imposed a supply allocation of 35%, which was raised to 45% in late June.

The power outage also shut down operations at BP’s 1.15m tonne/year Decatur purified terephthalic acid (PTA) plant, which supplies PTA to Indorama. PTA is the principal feedstock for PET.

BP’s Decatur plant is now fully operational, and the PTA producer is able to meet 100% of its contractual commitments, although it has not yet officially lifted its force majeure on PTA.

US PET producers include DAK Americas, Indorama, M&G Group, NanYa and Wellman.

For more on PTA and PET visit ICIS chemical intelligence

By: Samuel Weatherlake
+44 20 8652 3214

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