APIC ’08: Tongsuh shuts down Ulsan ACN lines

27 May 2008 09:10  [Source: ICIS news]

SINGAPORE (ICIS news)--Tongsuh Petrochemical will shut down its 230,000 tonne/year acrylonitrile (ACN) line at Ulsan in South Korea on 28 May for maintenance, a company source said on Tuesday.

Its other 60,000 tonne/year ACN line at the same location shut down on Monday, the source added on the sidelines of the two-day Asia Petrochemical Industry Conference (APIC).

"Both the ACN lines will be down for one month," the source said.

Tongush’s month-long turnaround could add further upward pressure on prices, which have soared by more than $100/tonne to around $2,050/tonne CFR (cost and freight) Asia since early April.

"We have no inventories or spot availability," the source added.

Tongsuh is a fully-owned subsidiary of Asahi Kasei, a major Japanese ACN producer.

ICIS and The Chemical Daily have produced an official 84-page, special publication on Asian petrochemicals for the APIC event
Please visit the complete ICIS plants and projects database
To discuss issues facing the chemical industry go to ICIS connect

By: Helen Yan
+65 6780 4359

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.

Printer Friendly