Australia's Qenos to Shut Petrochemical Units

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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