Korea Alcohol restarts ethylene-based ethyl acetate plant

23 January 2009 03:11  [Source: ICIS news]

SINGAPORE (ICIS news)--Korea Alcohol Industrial Company resumed operations at its 25,000 tonne/year ethylene-based ethyl acetate (EA) plant in Ulsan on 20 January following a one-week maintenance shutdown, a company official said on Friday.

“We are now operating at 100% of capacity,” the source said.

This was up from December levels of 70%.

“But ethylene prices are creeping up so we are monitoring the market situation,” he said.

Korea Alcohol led the comeback of ethylene-based ethyl acetate production in Asia last December following the plunge in raw material ethylene values. Its plant had been off line for almost two years due to poor economics, said a source from the company.

Taiwan’s Lee Chang Yung Chemical Industry followed suit in mid-January.

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By: Helen Lee
+65 6780 4359

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