<< Return to the previous page

 

No impact on consumer yet from INEOS Grangemouth BD closure

17 October 2013 11:50  [Source: ICIS news]

LONDON (ICIS)--The closure of INEOS’s butadiene (BD) unit at its Grangemouth, UK, site and subsequent force majeure declaration has not yet had a significant impact on at least one customer served by the site, sources said on Thursday.

INEOS’ BD unit, which has the capacity to produce 65,000 tonnes/year, started to ramp down on 12 October alongside the rest of the units at the petrochemical complex in anticipation of strike action.

“For the time being we are still running,” a BD consumer said.  

“We can run until the end of this week for sure,” it added, “but other than that we don’t know."

The consumer said it had been able to import alternative BD supplies but the uncertainty of the situation was hanging over them.

BD supply in Europe had been tightening in recent weeks because of planned turnarounds, light feed cracking and demand from Asia. Sources said a lengthy outage in Grangemouth would obviously affect the ability to source further alternative supply. Additionally, strike action could shut down the import jetty which would make discharging alternative supplies impossible. This could lead to a shutdown of the consuming unit.

“It's very difficult to put a plan in place,” the consumer said.

Other European BD suppliers said they had received extra enquiries and requests from contractual consumers for additional volumes – two said they were already "sold out".

Follow Nel on Twitter


By: Nel Weddle
+44 20 8652 3214
 

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

ICIS news free trial

ICIS news keeps you informed of the breaking news stories that impact commodity prices and affect your daily decisions. You need the right information quickly. With ICIS news you’ll always be up-to-date on market moves, deals, announcements, data and analysis.

 

Subscribe to ICIS news and receive:

  • A global perspective plus regional insight from our worldwide network of reporters
  • Comprehensive coverage including emerging markets
  • Advanced customisation and email alerts
  • Current and forthcoming plants and projects
  • Access to more than 900,000 articles over 10 years of news archives
 

Free market updates from ICIS


ICIS also provides additional updates on what's happening in the markets you're interested in.  Sign-up to ICIS e-newsletters to receive FREE regular market updates, price trends, analyses and outlook articles on your areas of interest.

 

>> Sign-up to ICIS e-newsletters