MOSCOW (MRC) -- LyondellBasell (Rotterdam, the Netherlands) declared force majeure on polypropylene (PP) supplies from France, according to NCT with reference to a source familiar with the matter.
The news could not be confirmed directly by the company while the reason for the force majeure was not disclosed at the time of press.
As MRC reported earlier, in September 2020, LyondellBasell, the world’s largest licensor of polyolefin technologies, announced that Duqm Refinery and Petrochemical Industries Company LLC (DRPIC) hds selected LyondellBasell’s world-leading PP and high-density polyethylene (HDPE) technologies for a new facility.
The new plants will comprise of a PP plant that will utilize LyondellBasell’s Spheripol PP process technology to produce 280,000 metric tons per year (m.t./yr) of PP and a 480-m.t./yr high-density polyethylene (HDPE) plant which will utilize LyondellBasell’s Hostalen ACP process technology and will be built in Al Duqm, Oman.once again the trust investors and operators place in our leading polyolefin expertise."
According to MRC's ScanPlast report, PP shipments to the Russian market reached 978,870 tonnes in January-October 2020 (calculated using the formula: production minus exports plus imports minus producers' inventories as of 1 January, 2020). Supply of exclusively of PP random copolymer increased.
LyondellBasell is one of the largest plastics, chemicals and refining companies in the world. Driven by its 13,000 employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, and improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road. LyondellBasell sells products into approximately 100 countries and is the world's largest licensor of polyolefin technologies.
MRC