US Huntsman returns Texas cracker to full operating rates

19 March 2013 12:31  [Source: ICIS news]

LONDON (ICIS)--US chemicals company Hunstsman said on Tuesday that it has returned its Port Neches, Texas cracker to full operation after a period of maintenance.

The company shut down the 193,000 tonne/year unit in January, but restarting it at the end of the maintenance period took longer than expected as a result of issues with bringing it back online. Adverse weather was also a factor, according to Huntsman.

The total estimated impact of the maintenance on first quarter earnings before interest, tax, debt and amortisation of the maintenance is $55m (€42.4m), with the prolonged restart process adding $10m to earlier estimates.

Sources told ICIS last week that the restart process began on 8 March, and the company has been working to return it to full operating rates since then.

The maintenance outage took longer than originally anticipated as a result of start up issues and adverse weather conditions,” the company said in a filing.

($1 = €0.77)

By: Tom Brown
+44 208 652 3214

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