02/16/2010

PIE - News-Ticker on Plasteurope.com

Ineos lifts FM for C2 and C3 from Cologne

On 12 February 2010, Ineos Olefins & Polymers Europe (Lyndhurst / UK; www.ineospolyolefins.com) lifted force majeure on its cracker 4 at Cologne / Germany. Following a technical issue that interrupted cracker production, the group had declared FM in December 2009.


The outage had put an additional strain on an already tight C2 and C3 market in Europe. Now that Ineos' operations in Cologne have resumed and BASF also has solved the problems affecting its production in Antwerp and Ludwigshafen, market insiders expect price levels to balance out in March.

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