Artenius Greek PET plant remains down, no indication of restart

07 March 2013 18:30  [Source: ICIS news]

LONDON (ICIS)--Artenius's 80,000 tonne/year Greek polyethylene terephthalate (PET) plant remains down with no indication as to whether or not it will restart, sources said on Thursday.

"Surely it won't restart," one seller said, echoing comments made by other industry players.

The Greek site originally went down for maintenance and has not come up since, but there was no official comment from the Artenius source.

The consensus among other PET players is that the plant will not restart. This is despite unverified reports that Artenius would like to be running again by the middle of April, according to a second seller.

Artenius' mother company, La Seda de Barcelona, is negotiating to stay afloat in what is a very challenging time for PET producers who have been forced to operate at unsustainable margins.

As for the potential impact of the Greek site failing to resume output, little will change because the market is prepared for it, a trader said.

The first seller added that PET contract customers were being covered by Artenius's plant in El Prat de Llobregat in Spain.

The 170,000 tonne/year Spanish plant is operational this week following "technical difficulty in one of its lines of production", according to the Artenius source.

"Currently, the problem is solved. All lines of production are running properly," the Artenius source added.

Artenius also has a 140,000 tonne/year unit in Adana in Turkey and a 200,000 tonne/year San Giorgio di Nogaro plant in Italy that is focused on technical polymer production.

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By: Caroline Murray
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