16 November 2012 17:06 [Source: ICIS news]
LONDON (ICIS)--Shell Chemical's styrene monomer/propylene oxide plant at Moerdijk in the Netherlands is in the process of restarting following a fault which led to force majeure being declared on styrene monomer, the company said on Friday.
“The repair and start up of the unit is progressing as planned,” Shell said in a statement. “As a result of this we currently do not see the need to change the allocation for the month of November and if start-up is successful we expect to be able lift the FM [force majeure] by the end of the month.”
The force majeure was due to an unforeseen steam leakage, which led to the declaration of force majeure on styrene monomer on 6 November.
While the European styrene market did see an initial spike in pricing on availability concerns, spot levels came back down this week amid slowing derivative demand.
The plant has the capacity to produce 440,000 tonnes of styrene annually, according to ICIS data.
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