Chemical plant shutdown could lead to auto production cuts
The global automotive industry faces a “severe” shortage of a resin used to make fuel and brake components that may interrupt production “in the next few weeks,” according to reports appearing on Bloomberg and from other media outlets.
The March 31 blast at a plant of chemical maker Evonik Industries AG in the city of Marl in Germany’s Ruhr valley is leading to a shortage of a resin called PA-12. The explosion, which killed two, resulted in a “complete loss” of making Cyclododecatriene, also called CDT and a key element of PA-12.
Another resin, PA-10 or Vestamid Terra, may be a suitable substitute.