UK’s INEOS keeps October etac allocation rates at 20-30%

06 October 2011 16:40  [Source: ICIS news]

LONDON (ICIS)--Swiss-headquartered petrochemicals major INEOS will keep allocation rates for its ethyl acetate (etac) contract customers at 20-30% in October, a company source said on Thursday.

Production had been shut down at its 245,000 tonne/year etac plant in Hull, UK, at the end of August after technical problems.

The force majeure declared by the company in mid-June, because of the feedstock acetic acid shortages experienced at that time, remains in place.

The source added that acetic acid availability was not a factor in the current production outage.

“We are looking at restarting the plant in the second half of October, but this is to be confirmed,” the source said.

INEOS remains out of the etac spot market.

For more on INEOS visit ICIS company intelligence

By: Cuckoo James
+44 (0) 208 652 3214

AddThis Social Bookmark Button

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.

Printer Friendly

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