01 August 2012 13:06 [Source: ICIS news]
LONDON (ICIS)--PKN Orlen has sold more than 100,000 tonnes of purified terephthalic acid (PTA) in each of the four quarters that have passed since the Polish group’s PTA installation was launched, it said on Wednesday.
Orlen sold 119,000 tonnes of PTA in the second quarter of this year; 141,000 tonnes in the first quarter of this year; 113,000 tonnes in the fourth quarter of last year; and 139,000 tonnes in the third quarter of last year, according to the company’s figures.
An additional 83,000 tonnes were sold towards the end of the second quarter of last year after the June 2011 opening of Orlen’s 600,000 tonne/year plant in Wloclawek, northern Poland.
The plant, which Orlen says is the most advanced in Europe, was built at a cost of approximately €1bn ($1.2bn).
Orlen has targeted sales from the plant at European polyethylene terephthalate (PET) producers who have suffered from tight supplies of primary feedstock PTA.
The PTA sales volumes have helped the company make up for lost sales volumes suffered by other petrochemical units during the renewal of Europe’s economic downturn, Orlen said.
In its latest financial results released on 26 July, Orlen said second-quarter sales volumes of petrochemical products had edged down by 2.9% year on year to 1.21m tonnes.
($1 = €0.81)
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