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Released June 10, 2024 | MANILA
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Researched by Industrial Info Resources (Sugar Land, Texas)--Qenos Pty Limited (Altona, Victoria), one of Australia's leading chemical manufacturers, is closing its petrochemical-production site in the Botany Industrial Park of Matraville, New South Wales, amid financial losses and rising natural gas prices.
Qenos' previous owner, China National Chemical Corporation (ChemChina), sold the plastic company to LAOP Bidco, a subsidiary of property developer LOGOS Property Pty Limited (Sydney, New South Wales). Qenos' Botany site used to produce 250 kilotons per year of ethylene, 70 kilotons per year of low density polyethylene (LDPE) and 100 kilotons per year of linear low density polyethylene (LLDPE). Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Plant Database can learn more from a detailed plant profile.
Qenos' other manufacturing site in Altona, New South Wales, will continue to operate, but it is expected to close soon. Subscribers can read a detailed plant profile.
As a direct result of the Botany site closure, Indorama Ventures Oxides Australia, a subsidiary of Indorama Ventures (Bangkok, Thailand) also in the Botany Industrial Park, will cease operations after 50 years. Indorama uses ethylene from Qenos as its major raw material for the manufacture of ethylene oxide and downstream products, including surfactants. The Indorama site's shutdown date is not yet known. Subscribers can read a detailed plant profile.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Qenos' previous owner, China National Chemical Corporation (ChemChina), sold the plastic company to LAOP Bidco, a subsidiary of property developer LOGOS Property Pty Limited (Sydney, New South Wales). Qenos' Botany site used to produce 250 kilotons per year of ethylene, 70 kilotons per year of low density polyethylene (LDPE) and 100 kilotons per year of linear low density polyethylene (LLDPE). Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Plant Database can learn more from a detailed plant profile.
Qenos' other manufacturing site in Altona, New South Wales, will continue to operate, but it is expected to close soon. Subscribers can read a detailed plant profile.
As a direct result of the Botany site closure, Indorama Ventures Oxides Australia, a subsidiary of Indorama Ventures (Bangkok, Thailand) also in the Botany Industrial Park, will cease operations after 50 years. Indorama uses ethylene from Qenos as its major raw material for the manufacture of ethylene oxide and downstream products, including surfactants. The Indorama site's shutdown date is not yet known. Subscribers can read a detailed plant profile.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
