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



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