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PKN Orlen declares force majeure on PTA following plant shutdown

London (Platts)--10 Nov 2017 953 am EST/1453 GMT


Polish petrochemicals producer PKN Orlen has declared a force majeure on purified terephthalic acid supply from its 600,000 mt/year capacity plant at Wloclawek.

"This event represents, among others, an extraordinary, unforeseen and insurmountable obstacle occurring independently of PKN ORLEN S.A. will and beyond its control and substantially restricts the performance of its obligation by PKN ORLEN S.A. arising from contractual arrangements with its business partners, i.e. the Force Majeure Event," the company said in an email to S&P Global Platts Friday.

The company did not provide a specific date for the plant's restart.

"Information about the planned startup will be provided as quickly as possible," it said in the statement.

The plant had to be shut because of a problem in the heat exchanger, the company said.

--Shashank Shekhar, shashank.shekhar@spglobal.com
--Edited by Jonathan Fox, jonathan.fox@spglobal.com

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