Aster Chemicals and Energy Pte. Ltd. (Singapore) has lifted the force majeure on its cracker complex at Pulau Bukom, as per Chemweek.
“Aster confirms that we have lifted the force majeure previously declared on our ethylene [steam] cracker complex. We appreciate the support of our customers and partners throughout this period,” the spokesperson for Aster said.
A letter from Aster to its customers, seen by Platts, stated that the force majeure was announced on March 6 and formally ended on Sept. 18.
The cracker, which was shut for one month of planned maintenance in August, has restarted and is running “normally,” a source close to the company told Platts.
The spokesperson did not comment on the timeline for the force majeure or the restart of the cracker from the turnaround.
The steam cracker has a nameplate capacity of 1 million metric tons/year of ethylene, 563,000 metric tons/year of propylene and 155,000 mt/y of butadiene, according to Platts data.
Traders and other market participants said they expect the cracker restart to relieve SE Asia’s olefins supply tightness. “Good news,” an Asia-based ethylene buyer said on Sept. 21. An SE Asia-based olefins producer said, “Nice, it will definitely ease the tightness.”
A Northeast Asian olefins producer said, “Seems Southeast Asia is getting stable, but Northeast Asia is still tight.”
An NE Asian olefins trader said, “The restart will have some impact on supply and demand balance, but I don't think it will affect prices as downstream operating rates might be reduced.”
mrchub.com