LONDON (ICIS news)--Polimeri Europa will keep its phenol/acetone plant in Porto Torres, Italy down until demand for phenol improves, a company source said on a Friday.
“The plant remains down for January and a decision will be made month by month if we restart it,” commented the source. “If the situation remains like this we will not come on.”
The plant which has the capacity to produce 220,000 tonnes/year of phenol and 120,000 tonnes/year of acetone, was shut origianly on 9 September for planned maintenance but has remained down because of poor phenol demand.
Demand for phenol has dropped since the middle of 2008, largely as a result of the downturn in car manufacturing, which in turn has hit the main phenol derivatives, caprolactam and bisphenol A (BPA).
All European phenol producers reduced operating rates as the downturn hit and continue to run at low levels.