25 May 2006 05:38 [Source: ICIS news]
SINGAPORE (ICIS news)--Petrochemical Corp of Singapore (PCS) has successfully started up its new metathesis unit, which has a propylene capacity of 200,000 tonne/year, an industry source said on Thursday.
The olefins conversion unit is currently undergoing tests as part of the start-up phase and has produced on-spec material, the source added. However, production rates have been variable due to different load tests to be conducted as part of the startup.
Although traders are keen to secure propylene from ?xml:namespace>
Ethylene prices are comparatively higher between $1,100-1,200/tonne CFR Southeast Asia compared to propylene at $1,070-1,120/tonne CFR Southeast Asia for June delivery, according to global chemical market intelligence service ICIS pricing.
PCS is a joint venture company between oil major Shell (50%) and Japan-Singapore Petrochemicals (50%), in which Sumitomo Chemicals is a major shareholder.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections