Philippine JG Summit to operate PE plant for 10 days in Apr
18 March 2005 06:40 [Source: ICIS news]
SINGAPORE (CNI)--The Philippines' JG Summit is planning to restart its 200,000 tonne/year polyethylene (PE) plant in April after shutting it late last year due to poor margins, a source close to the company told CNI on Friday.
The restart was prompted by the expected delivery of a term ethylene cargo in April. The cargo size is at least 2,300 tonne.
The non-integrated polyethylene producer is expected to run its PE plant at Batangas only for about 10 days, he added.
In February, another non-integrated producer in Indonesia, Petrokimia Nusantara Interindo (Peni), also restarted one of its three PE production lines in West Java after securing a cheap ethylene cargo. That line was shut after operating for 10 days.
Peni is now planning to restart at least one line in April in anticipation of another ethylene cargo delivery.
Besides the PE plant, JG Summit also operates a 180,000 tonne/year polypropylene (PP) plant at Batangas, and plans to build a $350m 320,000 tonne/year cracker at the same site by end-2008. The ethylene from the cracker will be for captive use only.
By: Edgar Ang
+65 6780 4359
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