Output stabilises at Marun’s Iran-based MEG unit

29 November 2007 12:08  [Source: ICIS news]

SINGAPORE (ICIS news)--Iran’s Marun Petrochemical is running its 400,000 tonne/year monoethylene glycol (MEG) plant in Bandar Imam “normally” following intermittent output and expects to begin exporting in early 2008, a source close to the company said on Thursday.

 

“We’re preparing to export at least one parcel of MEG for loading in mid-December,” the source said, following infrequent output at the facility, which started up last year, due to the dearth of ethylene in Iran.

 

The source however declined to say how big the parcel was or where it was headed.

 

“[The parcel] could land up in any market which needs the MEG,” he said. “We could export as little as 5,000 tonnes and depending how well our downstream plants run, we can choose to export more.”

 

It was understood that at least two buyers had expressed interest in the parcel for mid-December loading.

 

“Hopefully, the exports will become regular and we’re also looking at signing contracts to export the MEG on a long-term basis,” the source said.

 

The plant is part of a 1.1m tonne/year cracker complex, which includes a 300,000 tonne/year high density polyethylene unit.

 

Marun is a subsidiary of the National Petrochemical Company (NPC).

By: Salmon Aidan Lee
+65 6780 4359

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