PTT to channel spot benzene for phenol start-up
15 February 2008 14:02 [Source: ICIS news]
By Mahua Chakravarty
SINGAPORE (ICIS news)--Thai major, PTT, will reduce spot availability of benzene from March due to stock build-up for a downstream phenol plant start-up later this year, a company source said on Friday.
The producer said that spot availability had been reduced for March and probably from April to June. There would be no spot cargoes on offer in the Asian market.
Volumes produced at the Mab Ta Phut-based facility would be channelled for a downstream phenol plant, which could begin production from May-June period, he said.
The downstream phenol-acetone production facility located at the same site, with a nameplate capacity of 200,000 tonnes/year of phenol and 124,000 tonnes/year of acetone, was on schedule to be commissioned in May, another official from the company said, adding that commercial production was expected to begin by August.
PTT produces about 460,000 tonnes/year of benzene at the existing line, and plans to start a new plant around August which would add another 363,000 tonnes/year of benzene.
PTT, along with fellow Thai producer Rayong Olefins Co (ROC) and Indonesia-based Trans Pacific Petrochemical Indotama (TPPI), are some of the major benzene suppliers in southeast Asia.
On Friday, Asia prices were assessed $20-25/tonne higher compared to Thursday at $1,065-1,080/tonne FOB (free on board)
Phenol prices in
Jeremiah Chan contributed to this article
By: Mahua Chakravarty
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