Malaysia's PETRONAS declares force majeure on EO/EG supply

01 July 2013 10:16  [Source: ICIS news]

SINGAPORE (ICIS)--Malaysia’s PETRONAS Chemicals Group (PCG) has declared a force majeure at its 140,000 tonne/year ethylene oxide (EO) and its 400,000 tonne/year ethylene glycol (EG) facilities in Kerteh, Terengganu, a company source said on Monday.

The plants, along with the EO derivative units at the site that include a 75,000 tonnes/year ethanolamines plant and an 85,000 tonne/year ethoxylate unit, were shut on 21 June because of equipment failure, the source said.

“We have declared force majeure to our existing customers,” the source said, adding that the declaration was made on 28 June.

The company is still checking the problem and has yet set a date when the plants can be restarted.

“The shutdown is likely to take around one to two weeks,” the source said.

PCG is currently looking for additional cargoes in the region to supply to its contracted customers because of insufficient inventories, a major international trader said.

By: Becky Zhang
+65 6780 4359

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