LONDON (ICIS)--INEOS’ G4 naphtha cracker and butadiene (BD) extraction unit at its site in Grangemouth, the UK, are in the process of shutting down, company spokesman, Richard Longden, said on Monday.
Market sources said last week that the units were expected to close permanently from this week.
The company announced last month that it had brought forward the closure of the 320,000 tonnes/year G4 cracker because of the lack of feedstocks. The BD extraction plant has a capacity of 71,000 tonnes/year.
Closure had been slated to take place by the second quarter of 2015.
No information was made avaiable on the other downstream units at the site set to be shutdown.
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