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Octal continues to sell PET in Europe despite force majeure (5-12-2012)
Oman's Octal Petrochemicals continues to offer polyethylene terephthalate (PET) in Europe despite a force majeure, as per the company’s managing director, as reported by Platts. A European PET converter that the producer had contacted buyers to tell them it was postponing availability of PET until January. However, the MD confirmed that the company continues to offer PET in the European spot market for December. Despite a technical force majeure on one piece of equipment at its 1 mln tpa PET plant in Salalah, it was still producing ample material, with two reactors running at 120%.
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