Hungary’s TVK announces C2, PP and HDPE shutdowns

14 May 2014 16:53  [Source: ICIS news]

LONDON (ICIS)--Hungary-based petrochemicals producer TVK is to start a 14-day shutdown of its ethylene steam cracker on 18 May, following the turnarounds at two other units, the company said on Wednesday.

The scheduled stoppage of the 370,000 tonne/year installation would allow for technology cleaning works to be carried out, it added.

On 10 May, TVK began a 14-day shutdown of its polypropylene 4 installation and a 24-day shutdown of its high-density polyethylene (HDPE) 2 plant, to enable general overhauls, the company also said.

PP4 and HDPE2 have capacities of 180,000 tonnes/year and 220,000 tonnes/year, respectively, company data shows.

TVK is a wholly owned subsidiary of Hungarian oil, gas and petrochemical producer MOL Group. Its plants are located in the industrial town of Tiszaujvaros in northeastern Hungary.

Its major customers include China’s Wanhua Industrial Group, which controls Hungarian isocyanates and polyvinyl chloride (PVC) maker BorsodChem.

In May 2012, TVK signed a deal to supply the group’s Yantai Wanhua Polyurethanes with 120,000 tonnes of ethylene annually for the following 10 years, with the supplies to be utilised by BorsodChem.

By: Will Conroy
+44 20 8652 3214

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