Eastman to bring down Integrex PET plant in South Carolina in Q4

Eastman Chemical plans to bring down its Integrex polyethylene terephthalate (PET) plant in South Carolina in the fourth quarter to make additional improvements and resolve operational problems, as per ICIS. The plant problems have hurt operational results in the third quarter in Eastman’s performance polymers business. Additional improvements are also required to get the plant operating at optimum levels. According to Eastman’s 2008 annual report, the facility’s capacity is 525,000 tpa. The company’s Q4 performance polymer results would be affected by the Integrex shutdown, as well as by volatile feedstock paraxylene (PX) costs that plunged 20% in October from September, prompting Eastman’s domestic customers to destock PET in anticipation of lower prices.
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