BASF Restarts Naphtha-Fed Cracker After Maintenance — OPIS
German chemicals producer BASF is restarting one of its naphtha-fed steam crackers at its complex in Ludwigshafen, Germany, following the completion of repair work, a company spokesperson told OPIS Wednesday.
Flaring is expected to last until Jan. 13, the spokesperson said.
BASF declined to provide any information on the duration of the turnaround or products affected. The outage is said to be for one week, one market source said.
The company operates two naphtha-fed steam crackers at the Ludwigshafen site, one with an ethylene capacity of 420,000 metric tons/year and another with a capacity of 240,000 mt/year, according to data from Chemical Market Analytics by OPIS, a Dow Jones company.
BASF also warned of flaring on its premises on the nearby Friesenheim Island until the end of the week due to technical reasons.
This content was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal.
--Reporting by Fahima Mathé, fmathe@opisnet.com; Editing by Rob Sheridan, rsheridan@opisnet.com
(END) Dow Jones Newswires
January 10, 2024 13:12 ET (18:12 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s Happening in the Markets This Week
-
Worst-Performing Stock ETFs of the Quarter
-
Q3 in Review and Q4 2024 Market Outlook
-
Top-Performing Stock ETFs of the Quarter
-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Consumer Defensives: Despite Angst, Thirsty Investors Have Names to Pursue
-
Industrials: Many Stocks Overvalued After Q3 Outperformance
-
Basic Materials: Despite Index Rise, We See Multiple Long-Term Opportunities
-
What the Election Could Mean for Big Tech Stocks
-
3 Lessons From Recent Stock Market Drama
-
Consumer Cyclicals: Even Amid Moderating Consumer Spending, We See Discounts
-
Healthcare: Valuations Look Fair Overall, With Select Industries Still Undervalued
-
Utilities: Falling Interest Rates, Growth Outlook Boosting Stocks