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Ineos plans further acrylonitrile output cut in Europe

November 30/2012

(apic-on-line) -- Ineos is considering a further cut in production run rates at its acrylonitrile plants in Europe due to declining demand.

Ineos operates a 300,000 mt/year plant in Cologne, Germany and a 280,000 mt/year plant in Seal Sands, northeastern England. The plants are running at only 70% of capacity on average in November, the source said, as orders dwindled and margins were squeezed by high feedstock costs.

The plants" run rates are "going down a bit into December, probably to 65%, but there"s no decision yet," the source said.

Bearish pressure persisted in the global ACN market in November as demand from end-users, particularly acrylic fiber and acrylonitrile-butadiene-styrene, receded amid the economic downturn.

As MRC reported earlier, Ineos is also Sibur"s licensor of engineering of largest ethylene pyrolysis in integrated complex ZapSibNeftehim in Tobolsk. Besides, in September, eleven employees from Tobolsk-Polymer were trained in Ineos, Houston, Texas (USA).

Moreover, another Russian petrochemical major, Nizhnekamskneftekhim, signed a licensing agreement for the technology of polyethylene (PE) production  with Ineos Technologies in late October, 2012.


mrcplast.com
Author:Anna Larionova
Tags:PP, PS, PE, Ineos Polyolefins.
Category:General News
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