PBF Energy production issues spur aromatics demand

06 February 2013 00:00  [Source: ICIS news]

HOUSTON (ICIS)--US aromatics trade sources said on Tuesday that PBF Energy has placed aromatics production on force majeure at its 170,000 bbl/day Toledo refinery in Ohio following production issues last week.

PBF energy said on 31 January that its Toledo refinery experienced a drop in steam pressure, which was followed by a brief fire beginning at its fluid catalytic cracking complex (FCC). The FCC was the only unit involved, and it has been temporarily shut down.

The refinery’s other processing units are running at reduced rates or on standby. The company expects that it will take several weeks for the refinery to return to planned operations.     

Following the shut down, consumers and distributors said PBF Energy sent out notification that it would place aromatics at the Toledo facility on force majeure.

The company did not immediately confirm any force majeure at the Toledo refinery.

PBF Energy produces benzene, toluene and xylene at its refineries.

The reported force majeure has already led consumers to seek out material such as toluene and xylene from other suppliers in the Midwest and the Gulf coast.

US Gulf suppliers said although aromatics demand was stronger, they did not plan on raising prices for the short-term.

However, producers noted that they may look at price increases sometime in March.

By: Brian Balboa
+1 713 525 2653

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