Taiyo Oil to shut down aromatics unit in June ‘09

25 November 2008 11:56  [Source: ICIS news]

SINGAPORE (ICIS news)--Japanese aromatics producer Taiyo Oil tentatively plans to shut down its Shikoku-based benzene and mixed xylenes plant in June 2009 for maintenance, a company source said on Tuesday.

The source said the unit could be shut down in June for two or three weeks, subject to change.

The plant currently has not been producing any benzene or mixed xylenes due to poor market conditions, the source said.

The plant produces 450,000 tonnes/year of benzene and 400,000 tonnes/year of isomer-grade xylene using the hydro-dealkylation (HDA) process.

Toluene, which is the feedstock for toluene disproportionation (TDP) and HDA units, has remained about $75-80/tonne higher than benzene values in Asia in the past few weeks. As a result, TDP/HDA margins have been eroded.

Some of the other key aromatics producers in Japan are Nippon Oil and Japan Energy.

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By: Mahua Chakravarty
+65 6780 4359

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