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)

For more on ethyl acetate visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect
Please visit the complete ICIS plants and projects database


By: Helen Lee
+65 6780 4359



AddThis Social Bookmark Button

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.

Printer Friendly