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Versalis shut Dunkirk cracker after fire

September 10/2019

MOSCOW (MRC) -- Italys Versalis (part of Eni) took its cracker in Dunkirk, France offline due to a fire which broke out at the companys petrochemical plant, as per NCT with reference to market sources.

It is not yet known how long the unit will remain shut while the company could not be reached for comments at the time of press.

Local media sources also reported that the fire was brought under control with no reported injuries and the company is currently assessing the required repairs.

The cracker has a production capacity of 380,000 tons/year of ethylene and 95,000 tons/year of propylene.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polyprolypele (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,255,800 tonnes in the first seven months of 2019, up by 9% year on year. Shipments of all PE grades increased. At the same time, the estimated PP consumption in the Russian market was 796,120 tonnes in January-July 2019, up by 11% year on year. Shipments of PP block copolymer and homopolymer PP increased.

Eni is an Italian multinational oil and gas company headquartered in Rome. It has operations in in 79 countries, and is currently Italy's largest industrial company with a market capitalization of 68 billion euros (USD 90 billion), as of August 14, 2013. The Italian government owns a 30.3% golden share in the company, 3.93% held through the state Treasury and 26.37% held through the Cassa depositi e prestiti. Another 39.40% of the shares are held by BNP Paribas.


mrcplast.com
Author:Margaret Volkova
Tags:PP, PE, PP block copolymer, homopolymer PP, propylene, ethylene, Eni, Versalis, Russia, France.
Category:General News
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