PetroLogistics LP Announces Temporary Outage at its Production Facility
HOUSTON, Dec. 18, 2012 /PRNewswire/ -- PetroLogistics LP (the "Partnership") announced today that it temporarily brought its propane dehydrogenation facility down for unscheduled repairs on Monday, December 17, 2012 as a result of damage to a compressor. The Partnership believes that all repairs can be completed in approximately 3 weeks and at a cost of approximately $2 million, however, at this time the Partnership cannot provide assurances as to the exact amount of time for repairs or the total cost of repairs. For the balance of December the Partnership intends to supply its propylene customers' nominations out of its inventory.
About PetroLogistics LP
PetroLogistics LP is a limited partnership, which owns and operates the only U.S. propane dehydrogenation facility producing propylene from propane. The Partnership's headquarters and operations are located in Houston, Texas.
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SOURCE PetroLogistics LP