12 June 2008 10:22 [Source: ICIS news]
(adds quote in paragraph 2)
SHANGHAI (ICIS news)--Sinopec susbsidiary Maoming Petrochemical is expected to restart its 640,000 tonne/year No 2 cracker in Guangdong province this weekend after a lightning-induced fire on 3 June led to a shutdown, a company source said on Wednesday.
“Two of the six furnaces were badly damaged in the fire so we can only restart the remaining four. The cracker will run at a low operation rate after restart,” the source said, adding that the company has yet to decide on an exact operation rate.
The derivative units, including a 250,000 tonne/year low density polyethylene (LDPE), a 350,000 tonne/year high density PE (HDPE) and a 300,000 tonne/year polypropylene (PP), would be restarted following the resumption of the cracker, the source said.
On-spec HDPE products could be expected on around 20 June if the cracker restart went well, he added.
Its 380,000 tonne/year No 1 cracker on the same site restarted on 5 June and has ramped operations up close to full capacity.
The derivative units, including a 120,000 tonne/year LDPE plant, a 200,000 tonne/year LLDPE/HDPE swing unit and 170,000 tonne/year PP facility, were operating normally.
“Polymer inventories were very low currently with no sales pressure,” the source added.
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