China’s Xinjiang Tuha to restart methanol plant soon

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) China last Friday, down $20/tonne according to global chemical market intelligence service ICIS pricing.

Other methanol producers in China include CNOOC Kingboard Chemical Limited and Yanzhou Coal Industry Yulin Energy Ltd.

($1 = €0.75)

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By: Heng Hui
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