07 June 2013 18:01 [Source: ICIS news]
LONDON (ICIS)--Shell Chemicals has stopped manufacturing and marketing ethylene oxide glycol ethers, having produced the final products in April, a company spokesperson said on Friday.
The statement from Shell confirmed talk of the company’s withdrawal from the market, which participants have been speculating about throughout 2013.
The statement added: “Shell would like to thank all its customers for its support over many years.”
One European producer of butyl di-glycol (BdG) and butyl glycol (BG) said some suppliers may lower prices in order to secure Shell’s volumes, but it believed that lower prices would not be sustainable in the long term.
($1 = €0.76)
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