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PetroLogistics restarts US propylene plant after 3-week outage

ICIS News : 9-Jan-13 16:05


HOUSTON (ICIS)--PetroLogistics has restarted its propane dehydrogenation (PDH) plant in Texas after completing unscheduled repairs on the unit, the company said on Wednesday.

The 544,000 tonne/year facility was taken down on 17 December.

US propylene prices rose sharply in the past few weeks, partly as a result of the unexpected shutdown, market sources said.

Polymer-grade propylene (PGP) for January traded on Tuesday at 70 cents/lb ($1,543/tonne, €1,173/tonne), rising by 20% from deals done at 58.25-59.00 cents/lb in mid December.

($1 = €0.76)

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By William Lemos
+1 713 525 2653
icisnews.americas@icis.com

 
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