Economy Closure of nation’s only ethylene manufacturer forces Indorama’s hand by Alex Scott June 13, 2024 Credit: Airviewonline Indorama will shut its ethylene oxide and derivatives centers in Botany Bay, Australia (visualized here), by the end of this month. The Thai chemical company Indorama states it will close its ethylene oxide and derivatives centers in Botany Bay, Australia, by the end of this month. Indorama states it is closing the centers due to the fact that Qenos Olefins, Australia’s only provider of ethylene– the crucial feedstock for the center complex– has actually stopped production. Indorama acquired the plants in 2020 as part of a $2.1 billion acquisition from Huntsman. The plants have a yearly capability to produce 40,000 metric lots (t) of ethylene oxide, 35,000 t of surfactants, 5,000 t of glycol ethers, and 16,000 t of glycols. Indorama’s plant closures will lower the business’s existence in Australia to simply a workplace and technical center in Melbourne. The business did not divulge the variety of tasks that would be lost as an outcome of the closures. The company states it will continue to provide its clients in Australia and New Zealand with imports. Qenos had actually run ethylene crackers in Botany Bay and near Melbourne. Qenos, which was likewise Australia’s only manufacturer of polyethylene, revealed on April 17 that it had actually entered into voluntary administration. The irreversible closure of much more ethylene plants all over the world due to overcapacity remains in the cards, according to a current report by the consulting company Wood Mackenzie. The business anticipates that “a series of extraordinary obstacles to the worldwide ethylene market implies that as much as 24% of worldwide capability is now under some hazard of irreversible closure.” Of the 330 ethylene crackers worldwide, 114 are at danger, representing about 55 million t each year of ethylene production. Wood Mackenzie states. Crackers in Asia are particularly under pressure. “China’s significant financial investments in between 2020– 2027 have actually improved international supply characteristics, resulting in a structural surplus in Asia and consistent low or unfavorable earnings margins,” Kelly Cui, primary petrochemical expert at Wood Mackenzie, states in a news release. Chemical & Engineering News ISSN 0009-2347 Copyright © 2024 American Chemical Society You may likewise like … Sign up for C&EN’s must-read weekly newsletter Advertisement To send out an email to numerous receivers, different e-mail addresses with a comma, semicolon, or both. Title: Indorama shuts plants in Australia Author: Chemical & Engineering News will not share your e-mail address with any other individual or business. Short article: This post has actually been sent out to the following recipient: 0/ 1 FREE ARTICLES LEFT THIS MONTH Remaining Chemistry matters. Join us to get the news you require. The power is now in your (nitrile gloved) hands Sign up for a totally free account to get more short articles. Or select the ACS alternative that’s right for you. Currently have an ACS ID? Visit Option 1 Create a totally free account To check out 6 posts monthly from Option 2 BEST VALUE Join ACS To get back at more access to
Indorama shuts plants in Australia – Chemical & Engineering News
