12 November 2012 13:48 [Source: ICIS news]
Correction: In the ICIS story headlined “Borealis to shut down propane dehydrogenation plant on low margins” dated 12 November 2012, please read the headline as “Low margins lead to maintenance at Borealis PDH”. In the first paragraph, please read …Borealis is taking advantage of the poor economics currently being afforded by the propane dehydrogenation (PDH) reactors at its site in Kallo, near Antwerp, Belgium, to undertake some maintenance… instead of …Borealis is planning to shut down the propane dehydrogenation (PDH) reactors at one of its Belgian sites for maintenance as a result of current low margins… A corrected story follows.
LONDON (ICIS)--Borealis is taking advantage of the poor economics currently being afforded by the propane dehydrogenation (PDH) reactors at its site in Kallo, near Antwerp, Belgium, to undertake some maintenance, a company spokeswoman said on Monday.
In an email, the Austria-based company said: “The current low margins on the propane dehydrogenation plant provides some opportunity to perform maintenance activities which we are doing at the moment.”
The reactors are running at reduced rates.
The overall nameplate propylene capacity at the Kallo site is 480,000 tonnes/year, according to the company’s website.
Propane prices remain at relatively high levels due to supply worries while propylene contract and spot prices have been under downwards pressure since September.
The propylene contract price for November settled down by €20/tonne ($25/tonne) at €1,120/tonne FD (free delivered) NWE (northwest Europe). Spot prices are around €1,000/tonne FD NWE and €790/tonne FD NWE for polymer grade and chemical grade propylene respectively.
($1 = €0.79)
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