PCS to shut metathesis unit in mid-Oct

08 October 2007 04:11  [Source: ICIS news]

SINGAPORE (ICIS news)--Petrochemical Corp of Singapore (PCS) will shut its metathesis unit, which has a propylene capacity of 200,000 tonnes/year, for a short maintenance in mid-October, a company source said late on Friday.

Southeast Asia’s first metathesis unit, also known as an olefins conversion unit, first came on-stream in May last year.

The producer has been a regular spot propylene buyer in the past couple of months, due to high operating rates at its downstream derivative units and its pipeline customers, the source previously said.

It purchased two October delivery parcels at slightly above $1,150/tonne CFR (cost and freight) Singapore, and is currently seeking November shipment cargoes at similar levels.

PCS also operates two crackers within the same facilities in western Singapore - the No 1 475,000 tonnes/year naphtha cracker which is scheduled to be shut in mid-July 2008 for a regular maintenance and the No 2 615,000 tonne/year cracker.

PCS is a joint venture company between oil major Shell (50%) and Japan-Singapore Petrochemicals (50%), in which Sumitomo Chemicals is a major shareholder.

By: Gina Myung
+65 6780 4359

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