INEOS’ force majeure at Texas ACN plant still in place - source
07 September 2012 04:01 [Source: ICIS news]
SINGAPORE (ICIS)--INEOS’ force majeure on the output from its ?xml:namespace>Green Lake nitriles facility near Port Lavaca, Texas, is still in place following a complete shutdown of the production site earlier this week, a shipping source familiar with the matter said on Friday.
INEOS on 4 September said that it must declare force majeure and temporarily suspend its “performance obligations under various transportation agreements” after INEOS Nitriles’ Green Lake facility was hit by lightning on 1 September, the source said, citing a document issued by INEOS.
The facility, which has a capacity of 545,000 tonnes/year of acrylonitrile (ACN) may restart later this week, according to sources.
An INEOS source said the outage may cause a short-term shortage in the market.
North American ACN producers include Ascend Performance Materials, Cornerstone Chemicals, INEOS Nitriles and Unigel.
With additional reporting by Wesley BuschBy: Nurluqman Suratman
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