01 March 2013 22:05 [Source: ICIS news]
HOUSTON (ICIS)--The outage at NOVA Chemical's low-density polyethylene (LDPE) unit at Moore in southern Ontario cost the company $90m-95m (€69m-73m) in operating income in 2012, the chief executive of the Canada-based producer said on Friday.
"NOVA has returned to the market with an optimised facility, a streamlined product slate, which will enable reliable asset operations and reinforce customer confidence," he said.
The restart was completed well ahead of the company's original plan, he said.
An outage in December 2011 caused the company to declare force majeure on LDPE from Moore. In April 2012, the company ended the force majeure for a limited number of LDPE grades, and the plant was running at reduced rates.
($1 = €0.77)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections