Korea Alcohol shuts ethylene-based EA unit for turnaround

14 January 2009 09:15  [Source: ICIS news]

SINGAPORE (ICIS news)--Korea Alcohol Industrial Company shut its 25,000 tonne/year ethylene-based ethyl acetate (EA) plant in Ulsan, south Korea, on 12 January for a week’s maintenance, a company official said on Wednesday.

"We shut the plant this week for a quick maintenance of about seven days," he added.

The plant was running at 70% of capacity after it was recently restarted in December last year following the plunge in raw material ethylene values. Previously, the plant had been offline for almost two years due to poor economics, said a source from the company.

Meanwhile, Korean domestic ethyl acetate prices plunged to around won (W) 1,150/kg ex-tank ($848/tonne ex-tank) this month, depending on the volume, down W150/kg from December levels owing to exchange rate fluctuations, the seller said.

($1 = W1,356.26)

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By: Helen Lee
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