Shanghai Coking methanol unit ramped up to 50%

01 September 2008 05:30  [Source: ICIS news]

SINGAPORE (ICIS news)--Operating rates at Shanghai Coking’s newest methanol plant in Wujing has been ramped up to 50% from 20% since its start-up, a company source said on Monday.

The low operating rate of the 450,000 tonne/year unit was due to teething technical issues since it was started in end-June. The company is expected to increase operating rates slowly to full capacity by the end of the year.

The company was not able to set a date for the normal operation of the plant, as it was unconfirmed when the problem would be resolved, she added.

Shanghai Coking operates two other methanol plants in Shanghai with a combined capacity of 350,000 tonnes/year.

Domestic methanol prices in China were up yuan (CNY) 20-220/tonne at CNY3,370-3,700/tonne ex-tank during the week to Friday, according global chemical intelligence service ICIS pricing.

Other Chinese producers include CNOOC, Kingboard Chemical Limited and Yanzhou Coal Industry Yulin Energy Co Ltd.

($1= CNY6.85)

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By: Heng Hui
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