11 August 2011 15:40 [Source: ICIS news]
LONDON (ICIS)--INEOS’s ethanol facility at Grangemouth in the ?xml:namespace>
New allocations have been provided to customers, the company source added.
However, the company declined to provide further details about operating rates or the duration of the force majeure.
Nameplate ethanol capacity at the site is 340,000 tonnes/year, according to the ICIS plants and projects database.
Industrial 99% ethanol spot prices have been pushed up over the past few weeks in the
In northwest Europe, industrial 99% spot material is talked up to €85–90/hl FD NWE (northwest
However, market feedback so far has shown that industrial 99% spot prices have stabilised this week, following recent price increases and news of INEOS’s resumed output.
($1 = €0.70, €1 = £0.88, £1 = $1.62)
For more on INEOS visit ICIS company intelligence
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