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Repsol declares FM for products shipped from its cracker in Portugal

September 10/2019

MOSCOW (MRC) -- Spanish energy group Repsol has issued a force majeure on petrochemicals supplies out of its steam cracker unit in Sines, Portugal, according to S&P Global with reference to a company spokesperson. 

"A technical problem has forced us to declare force majeure in all our base petrochemicals. We are currently carrying out all actions to minimize the impact of this situation, hoping to restore production as soon as possible," the spokesperson said.

It was unclear when the force majeure was declared and how long it would remain in place.

The steam cracker produces 410,000 mt/year of ethylene and 215,000 mt/year of propylene. At the site, the company also has a butadiene unit, with total capacity of 45,000 mt/year.

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.

Repsol S.A. is an energy company based in Madrid, Spain. It carries out upstream and downstream activities throughout the entire world. It has more than 24,000 employees worldwide. It is vertically integrated and operates in all areas of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading.
Author:Margaret Volkova
Tags:PP, PE, butadien, PP block copolymer, homopolymer PP, propylene, ethylene, Repsol, Portugal, Russia.
Category:General News
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