London — Spanish energy group Repsol has issued a force majeure on petrochemicals supplies out of its steam cracker unit inSines, Portugal, a company spokesperson said Friday.
Receive daily email alerts, subscriber notes & personalize your experience.Register Now
"A technical problem has forced us to declare force majeure in all our base petrochemicals. We are currently carrying out all actions to minimize the impact of this situation, hoping to restore production as soon as possible," the spokesperson said.
The company did not comment on the reason for the supply issue, when asked by S&P Global Platts. It was also unclear when the force majeure was declared and how long it would remain in place.
According to Platts Analytics, the steam cracker produces 410,000 mt/year of ethylene and 215,000 mt/year of propylene. At the site, the company also has a butadiene unit, with total capacity of 45,000 mt/year.
-- Lara Berton, Lara.Berton@spglobal.com
-- Edited by Jonathan Loades-Carter, email@example.com
Platts Periodic Table of Oil
Know the difference between Oseberg and Cabinda. Our interactive table is your comprehensive guide to 120 of the most important crude grades traded on global markets.Explore the interactive table