04 October 2012 17:11 [Source: ICIS news]
LONDON (ICIS)--Italy-based producer Polynt’s phthalic anhydride (PA) operations are returning to normal capacity although force majeure remains in place in the short term, a company source said on Thursday.
“[We hope] to possibly lift the force majeure [on PA] in a few weeks,”added the source.
Polynt had declared force majeure on its PA supplies in Europe in mid-June on the back of shortages of feedstock orthoxylene (OX).
PA supply in Europe is sufficient to meet demand, because while there has been a spate of production constraints, this is being counter-balanced by subdued downstream demand for economic reasons.
Polynt has the capacity to produce 80,000 tonnes/year of PA from its plant in Bergamo, Italy, and 30,000 tonnes/year of PA from its plant in San Giovanni Valdarno, according to the ICIS plants and projects database.
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