25 October 2013 10:47 [Source: ICIS news]
LONDON (ICIS)--Total’s final European sales contract for cyclohexane (CX) will expire on 31 December, completing its withdrawal from the European market, a company source confirmed on Friday.
Total idled it’s 110,000 tonne/year CX plant in Antwerp, Belgium at the end of 2012, the source said.
BP announced in September that it will close its CX plant in Lingen, Germany, at the end of 2013 because of poor profitability. The plant has a nameplate capacity of 260,000 tonnes/year and is the fourth largest CX plant in Europe, according to ICIS plants and projects.
Downstream players have voiced concerns in recent weeks that rationalisation in the CX market could drive up costs.
($1 = €0.72)
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