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Ineos declares force majeure on LDPE from Cologne

November 24/2020

MOSCOW (MRC) -- Ineos declared force majeure on its low density polyethylene (LDPE) supplies from one of its plants in Cologne, Germany due to a power outage on November 11, reported NCT with reference to a source familiar with the issue.

The company could not be reached for comments at the time of publication, however.

The force majeure is slated to last for 3 weeks. The companys metalocene linear low density polyethylene (mLLDPE) unit at the same site was reported to be unaffected, meanwhile.

The companys Cologne plant has the capacity to produce around 400,000 tons/year of LDPE, while LLDPE plant has a production capacity of 230,000 tons/year.

As MRC wrote before, a 660,000-metric tons/year phenol-acetone plant operated by Ineos in Gladbeck, Germany, was shut for maintenance from 27 October until 6 December, 2020.

According to MRC's ScanPlast report, September estimated LDPE consumption in Russia fell to 23,930 tonnes from 47,610 tonnes a month earlier. Russian producers reduced their domestic LDPE shipments due to shutdowns for maintenance at production capacities in Ufa, Tomsk and Kazan. Russia's estimated LDPE consumption totalled about 406,500 tonnes in January-September 2020, which virtually corresponded to the last year's figure.

Ineos Group Limited is a privately owned multinational chemicals company consisting of 15 standalone business units, headquartered in Rolle, Switzerland and with its registered office in Lyndhurst, United Kingdom. It is the fourth largest chemicals company in the world measured by revenues (after BASF, Dow Chemical and LyondellBasell) and the largest privately owned company in the United Kingdom.
Author:Margaret Volkova
Tags:PE, acetone, LLDPE, LDPE, phenol, Ineos, Germany, Russia.
Category:General News
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