Indorama restricts PET in Europe due to limitations upstream

29 August 2013 10:18  [Source: ICIS news]

LONDON (ICIS)--Thailand-based Indorama Ventures is on sales allocation at its polyethylene terephthalate (PET) plant in Rotterdam, The Netherlands, due to a power cut at its upstream purified terephthalic acid (PTA) plant at the same site, a company source said on Thursday.

"We had an outage in PTA in Rotterdam so we are restricted on PET production. We are announcing partial sales plan limitations. We are away from the market for freely negotiated [PET deals], but are supplying our usual clients," the source said.

The lack of PET from the 390,000 tonne/year Dutch site is being compensated by material from Indorama's other plants in Lithuania, Poland and the UK.

The PTA problems began over the weekend of 24-25 August and should last a total of 10 days. Power at the 350,000 tonne/year site is supplied by an external grid.

"…we are going to be restrictive in September. We have to recover inventory when it's over, so we will supply [PET] in September but we are not selling," the source added.

($1 = €0.75)

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By: Caroline Murray
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