Feedstock prices to dip as SABIC and Dow shut naphtha crackers in the Netherlands

Saudi Basic Industries Corp. and Dow Chemical Co. are shutting naphtha crackers in the Netherlands, potentially damping the feedstock’s prices, as per Bloomberg. Sabic will halt production today at cracker 4 at its Geleen chemicals site because of a technical fault, while Dow will idle cracker 2 later this week for planned maintenance at its Terneuzen facility, for about two weeks. The shutdowns may lead to a bigger discount of the fuel relative to Brent crude oil as demand for naphtha, a refined product used in gasoline and petrochemicals, eases. Sabic has two crackers at Geleen with a total capacity to produce 1.27 mln tons of ethylene, while Dow’s cracker, one of three on site, has an annual capacity of 580,000 tons.
  More News  Post Your Comment
{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha