04 May 2009 04:41 [Source: ICIS news]
SINGAPORE (ICIS news)--Xinjiang Tuha Oilfield, a methanol producer in China's western province of Xinjiang, plans to restart its 240,000 tonne/year methanol unit soon after gas supply has been restored, a company source said on Monday.
The facility was taken off line on 24 October due to lack of feedstock gas. The government mandates that the use of natural gas for heating purposes be prioritized during the winter months, cutting the gas supply for industrial purposes such as methanol production.
To some methanol producers, the feedstock only became available at the onset of spring season in April, the source said.
Chinese methanol was at $210-220/tonne (€158-165/tonne) CFR (cost and freight) ?xml:namespace>
Other methanol producers in
($1 = €0.75)
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|
Asian Chemical Connections