20 June 2013 12:23 [Source: ICIS news]
LONDON (ICIS)--Spain-based Novapet's 30,000 tonne/year polyethylene terephthalate (PET) Plant 1 in Barbastro is due to restart after maintenance towards the end of June, with commercial product available by early July, a company source said on Thursday.
"By the second or third of July commercial product is expected…When it's up it will ramp up to around 60%," the source said, speaking in Spanish.
It was originally due to ramp up to 40%, but this is now more likely to be the average rate over the year.
The smallest of Novapet's three lines went down in May.
Novapet's 100,000 tonne/year speciality Plant 2 and 130,000 tonne/year Plant 3 are operating at 75%.
"This is not normal for the time of year…We are careful not to produce more than we sell," the source said.
The summer season traditionally encourages high sales of PET bottles, but so far 2013 has proved to be a disappointment that has lead to manufacturers reducing rates.
($1 = €0.75)
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