Qatar’s Qatofin to restart Mesaieed LLDPE plant on 5 August

02 August 2011 10:19  [Source: ICIS news]

SINGAPORE (ICIS)--Qatar’s Qatofin plans to restart its 450,000 tonne/year linear low density polyethylene (LLDPE) plant at Mesaieed on 5 August after it was shut on 12 July on the back of technical issues at its upstream cracker, industry sources said on Tuesday.

The plant was initially planned to be restarted on 2 August, but this was revised to 5 August with no reason given, a source said.

The company official could not be reached for comment.

Qatofin-origin LLDPE film was sold on 2 August at $1,450/tonne (€1,015/tonne) CFR (cost and freight) Mumbai for August shipments, but the quantities sold were small.

“After their offer was announced yesterday, the quantities were wiped up immediately,” a Mumbai-based trader said.

Qatofin is a joint venture company between France’s Total Petrochemicals (36%), and state-owned firms Qatar Petrochemical Co (QAPCO) (63%) and Qatar Petroleum (QP) (1%).

($1 = €0.70)

For more on LLDPE, visit ICIS chemical intelligence

 

 

By: Ong Sheau Ling
+65 6780 4359

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