US PetroLogistics to declare force majeure on propylene

04-Jun-13
PetroLogistics LP has announced plans to temporarily bring down its propane dehydrogenation facility commencing on Saturday, June 8, 2013, for repairs pertaining to two of the eight reactors at the plant. While the facility is down, the company will also complete certain other maintenance items. The Partnership believes that all necessary work can be completed in approximately 2 weeks and at a cost of less than US$5 mln. The Partnership will declare a force majeure event. Provided the plant resumes operations by June 20, 2013, the company anticipates total Q2 sales of approximately 260 mln lbs of propylene.
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