05 August 2011 15:55 [Source: ICIS news]
LONDON (ICIS)--Petrochemicals major INEOS has increased its August ethyl acetate (etac) allocation rates for contract customers following improved availability of feedstock acetic acid, a company source said on Friday.
The increase is from 65% in July to 90% in August, the source added.
The Switzerland-headquartered company had declared a force majeure on etac from 15 June until the end of July from its 245,000 tonne/year etac unit in Hull, in the UK, over acetic acid supply shortages from its supplier BP.
INEOS's force majeure was then extended to the end of August following BP’s extension of its own force majeure.
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