13 December 2012 17:05 [Source: ICIS news]
LONDON (ICIS)--Thailand-based Indorama Ventures is running its 200,000 tonne/year polyethylene terephthalate (PET) expansion in Rotterdam, the Netherlands, and material is on the market, a company source said on Thursday.
"[The] new line is running and we are testing the market now," the source said.
The start-up marks a delay of around five months from the original plan. A small explosion in October compounded the delay of the start-up, within what has been a bad market for producers.
The additional tonnes will bring the total nameplate capacity to 390,000 tonnes/year.
Of those PET plants operating, European output is averaging around 70% because of lacklustre demand and poor margins, according to industry players.
Adding to the pressure is more new capacity at Octal's Salalah site in Oman which, following an expansion in August, has increased to 927,000 tonnes/year from 400,000 tonnes/year.
One of Octal's four PET lines in Salalah is due to restart during the second half of December instead of mid-month, a company source said this week.
It has been shut for repair and maintenance since the end of November.
($1 = €0.76)
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