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Chemical Processing

Australia's Qenos to Shut Petrochemical Units

Industrial Info is tracking the closing and mothballing of some of Qenos Pty Limited's (Altona, Australia) petrochemical units in Australia by the end of the year.

Released Tuesday, June 01, 2021

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Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking the closing and mothballing of some of Qenos Pty Limited's (Altona, Australia) petrochemical units in Australia by the end of the year. The planned closures include an ethylene unit and a polyethylene unit, which represents a 15% cut from the company's domestic polyethylene production and a 150-job loss. The downsize comes from the pending shutdown of Exxon Mobil Corporation's (NYSE:XOM) (Irving, Texas) Altona Refinery, which will result in a lack of feedstock.

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.

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