25 November 2008 11:18 [Source: ICIS news]
SINGAPORE (ICIS news)--Taiwan's Grand Pacific Petrochemical Corp (GPPC) has slashed its demand for feedstock benzene after unplanned shutdowns at its two styrene monomer (SM) lines, said a company source on Tuesday.
The company shut down its 130,000 tonne/year SM line at Ta She earlier in October on the back of poor margins and it planned to take offline the second and larger 200,000 tonne/year SM line from the beginning of December, he added.
The company’s monthly demand for benzene was estimated at 22,000 tonnes/month with all of it purchased from external parties, he said. The total demand for benzene was estimated at 240,000 tonnes for the two SM units.
Fellow Taiwanese SM makers like Formosa Chemical and Fibre’s Corp (FCFC) and Taiwan Styrene Monomer Corp (TSMC) have made similar decisions after cutting back operations in recent weeks.
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|