Iran’s Fanavaran cancels acetic acid sell tender

07 July 2008 09:09  [Source: ICIS news]

SINGAPORE (ICIS news)--Iran's Fanavaran Petrochemical Co has cancelled its sale tender for a 3,000 tonne acetic acid cargo after technical problems at the upstream carbon monoxide (CO) unit forced it to shut down the 150,000 tonne/year acetic acid plant at Bandar Imam last week, a company official said on Monday.

“Our situation has changed totally because technical problems at our CO unit caused the shutdown of the acetic acid plant eight days ago,” he said.

“The sale tender had to be cancelled as we are in no position to export cargoes after catering to requirements at our downstream purified terephthalic acid (PTA) unit,” he added.

The official could not say when the plant would be restarted, as it could happen only after the replacement of a faulty part in the CO unit.

Operating rates at the acetic acid plant had been stabilised at 70-80% capacity since June following a spate of production issues since the start of the year.

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By: Helen Lee
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