11 November 2013 17:35 [Source: ICIS news]
“KG [was producing] on-spec end of last week,” the spokesman said. The operating rate of the KG cracker was not disclosed.
The spokesman added that the butadiene (BD) extraction unit had not yet restarted.
INEOS’ refinery and petrochemical units at the Grangemouth site had been taken off line mid-October in preparation for a 48-hour walkout which was due to start 20 October. After negotiations broke down, the strike was called off but INEOS said the complex would remain shut down.
However, following Unite’s acceptance of the Switzerland-based chemicals producer’s survival plan for the facility, INEOS announced on 25 October that it would bring the petrochemical complex back on line.
The site in Grangemouth is one of Europe's largest ethylene cracker facilities and has the capacity to produce 1.02m tonnes/year of ethylene, which according to credit ratings agency Moody’s is approximately 4% of total European capacity and one-third of INEOS’s European capacity.
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