Equipolymers declares force majeure on Ottana PTA-PET plant

28 Aug '08

1 min read

Since August 14, Equipolymers has been forced to stop the production of its PTA-PET plant in Ottana owing to unexpected and unforeseeable problems with main air compressor motor.

'Unfortunately, the persistence of the above problems beyond our reasonable control has forced to declare Force Majeure for undefined period of time.

We are using all reasonable means and efforts to overcome these problems as soon as possible but at present, we are not able to foresee the restart of production in the short term”, said Graham Fox, President and CEO of Equipolymers.

Equipolymers is a 50/50 global joint venture between Petrochemical Industries Company (PIC) of Kuwait, a wholly owned subsidiary of Kuwait Petroleum Corporation and The Dow Chemical Company. Equipolymers manufactures and markets polyethylene terephthalate resins (PET), whilst producing purified terephthalic acid (PTA). PET is a high quality plastic for use in the packaging industry and in particular for the production of beverage, food and other liquid containers. PTA is a key raw material for the production of PET. Equipolymers serves customers globally and is headquartered in Horgen (Zurich), Switzerland.

Equipolymers

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