Released on 09/01/13
PetroLogistics has restarted its propane dehydrogenation (PDH) plant in Texas after completing unscheduled repairs on the unit, the company said on Wednesday.
The 544,000 tonne/year facility was taken down on 17 December.
US propylene prices rose sharply in the past few weeks, partly as a result of the unexpected shutdown, market sources said.
Polymer-grade propylene (PGP) for January traded on Tuesday at 70 cents/lb ($1,543/tonne, €1,173/tonne), rising by 20% from deals done at 58.25-59.00 cents/lb in mid December.
Source ICIS News - For internal use only
PetroLogistics has restarted its propane dehydrogenation (PDH) plant in Texas after completing unscheduled repairs on the unit, the company said on Wednesday.
The 544,000 tonne/year facility was taken down on 17 December.
US propylene prices rose sharply in the past few weeks, partly as a result of the unexpected shutdown, market sources said.
Polymer-grade propylene (PGP) for January traded on Tuesday at 70 cents/lb ($1,543/tonne, €1,173/tonne), rising by 20% from deals done at 58.25-59.00 cents/lb in mid December.
Source ICIS News - For internal use only