09 August 2012 14:47 [Source: ICIS news]
HOUSTON (ICIS)--Flint Hills Resources (FHR) was restarting its Port Arthur cracker in Texas, the company said in a public filing on Thursday.
FHR shut down the 621,000 tonne/year cracker for repairs in the last week of July because of a steam leak on a bleeder line.
The company had attempted to restart the cracker on Monday, but the process was halted when a new leak was discovered on an injection line located at the de-ethanizer tower, FHR said in a separate filing.
Market sources said the delay was likely behind an increase in ethylene spot prices earlier this week.
The monomer traded up to 50 cents/lb ($1,102/tonne, €893/tonne) for August delivery, rising from deals done at 48.00-48.25 cents/lb last week.
FHR does not comment on its operations.
($1 = €0.81)
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