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MOSCOW (MRC) -- Petrochemical producer
Sasol has lifted its force majeure declaration on linear low density
polyethylene (LLDPE) and high density polyethylene (HDPE) at its Lake
Charles, Louisiana, complex, Sasol spokeswoman Kim Cusimano said Nov. 25,
reported S&P Global.
Sasol
previously declared
force majeure on Aug. 31 on all North American polyethylene, including all LLDPE
and HDPE grades.
The force majeure was in response to the landfall of
Hurricane Laura, which struck the Lake Charles, Louisiana, area on Aug. 27,
resulting in widespread power outages.
Sasol's LLDPE capacity is 471,000
mt/year, according to S&P Global Platts Analytics data.
In recent
months, HDPE has been tight for blowmolding and injection but readily available
for film. Meanwhile, LLDPE has been somehow tight as sources note limited
availability for exports.
As MRC
informed before, Sasol's low density polyethylene (LDPE) plant reached
beneficial operation on 15 November 2020. The LDPE unit is the seventh and final
Lake Charles Chemicals Complex unit to come online. The LCCP is now 100%
complete with total capital expenditure forecast to be within the previously
communicated guidance of USD12,8 billion.
According to MRC's ScanPlast report,
Russia's estimated PE consumption totalled 1,594,510 tonnes in the first nine
months of 2020, up by 1% year on year. Only high denstiy polyethylene (HDPE)
shipments increased.
Sasol is an international integrated chemicals and
energy company that leverages technologies and the expertise of our 31 270
people working in 32 countries. The company develops and commercialises
technologies, and builds and operates world-scale facilities to produce a range
of high-value product stream, including liquid fuels, petrochemicals and
low-carbon electricity. |
