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Indorama assesses damage at offline Lake Charles cracker in Louisiana

August 04/2020

MOSCOW (MRC) -- Indorama Ventures is still assessing the damage after lightning struck its Lake Charles cracker in Louisiana over the weekend, reported S&P Global with reference to spokeswoman Krystal Medlock's statement in an email Aug. 3.

"No restart date is available at this time," Krystal Medlock said.

At around 8:30 am CT (1330 GMT) Aug. 1, "lightning struck our Lake Charles ethylene cracker resulting in a plant trip of the facility and subsequent flaring. The plant is currently offline and being assessed by plant personnel," Indorama said in a statement.

The unit has a capacity of 440,000 mt/year, according to S&P Global Platts data.

As MRC informed earlier, in March 2020, Indorama Ventures Limited announced that the company decided to extend the pre-construction period of the purified terephthalic acid-polyethylene terephthalate (PTA-PET) plant in Corpus Christi, Texas through the end of 2020. Christi Polymers LLC (CCP), a joint venture among certain subsidiaries of Indorama Ventures Holding, Alpek and Far Eastern Investment (Holding) Limited was created to acquire and complete construction of an integrated PTA-PET plant in Corpus Christi. The completion of the project is expected to be in 2023.

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

According to MRC's DataScope report, PE imports to Russia dropped in January-June 2020 by 7% year on year to 328,000 tonnes. High density polyethylene (HDPE) accounted for the main decrease in imports. At the same time, PP imports into Russia rose in the first six months of 2020 by 21% year on year to 105,300 tonnes. Propylene homopolymer (homopolymer PP) accounted for the main increase in imports.

Indorama Ventures Public Company Limited, listed in Thailand, is one of the world's leading petrochemicals producers, a global manufacturing footprint with 59 sites in 20 countries across Africa, Asia, Europe and North America. The company's portfolio is comprises necessities and high value-added (HVA) categories of polymers, fibers, and packaging. Indorama Ventures has approx. 24,000 employees worldwide and consolidated revenue of USD 11.4 billion in 2019.
Author:Margaret Volkova
Tags:PP, PE, homopolymer PP, propylene, HDPE, PET-granulate, terephthalic acid, ethylene, packaging, Indorama Ventures PLC, Russia, USA.
Category:General News
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