21 October 2013 18:20 [Source: ICIS news]
HOUSTON (ICIS)--The shutdown of a vinyl acetate monomer (VAM) plant in Great Britain earlier this month could tighten that market some, but the top executive at Celanese said on Monday he doesn’t expect much improvement for supply.
In a conference call, Celanese CEO Mark Rohr said the shutdown of INEOS Enterprises’ VAM plant at Hull in the UK might have a slight impact on the market for the monomer.
“The problem with VAM is that it’s operating as best we can tell at about 70% global capacity, so there’s not an acute shortage of material,” Rohr said.
“It’s hard for us to see anything that anyone could do to dramatically impact that market,” Rohr added.
INEOS Enterprises ceased production at its 300,000 tonnes/year VAM plant at Hull in the UK earlier this month. The producer said low-cost imports and a hostile trading environment made closure inevitable.
Celanese is one of the world’s largest VAM producers, with two plants in the US. The Texas-based acetyls producer announced in May that it wants to sell its 200,000 tonne/year VAM plant in Tarragona, Spain.
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