MOSCOW (MRC) -- LyondellBasell, the world's largest polyolefins producer, has declared a force majeure (FM) on shipments of some polypropylene (PP) grades from its Ferrara plant in Italy as of May 3, according to NCT with reference to a source familiar with the issue.
This plant is able to produce 285.000 tons/year of PP.
At the time of press, no details were shared regarding the reason or duration of the FM.
The company could not be reached for confirmation.
As MRC reported earlier, in the first week of December 2020, LyondellBasell (Rotterdam, the Netherlands) declared force majeure on PP supplies from France. The reason for the force majeure was not disclosed at the time of press.
According to MRC's ScanPlast report, PP shipments to the Russian market totalled 410,890 tonnes in January-March 2021, up by 56% year on year. Supply of homopolymer PP and PP block copolymers 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.