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
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|
Asian Chemical Connections