Japan’s Nippon Oil restarts IPA plant after turnaround

30 October 2009 03:27  [Source: ICIS news]

SINGAPORE (ICIS news)--Nippon Oil Corp , Japan’s largest isopropanol (IPA) producer, restarted its 85,000 tonne/year plant in Kawasaki on 28 October after a short turnaround, a company official said on Friday.

The plant was shut last week for maintenance and was running at a lower rate of 70-75% of its capacity after the restart.

“Our plan is to gradually increase the operating rate to 80% in November,” he said, adding that the company was unlikely to run the plant at full rates due to high feedstock propylene costs.

Propylene spot prices gained $10/tonne to $1,040-1,060/tonne (€696.80-710.20) CFR (cost and freight) northeast (NE) Asia on Thursday on the back of deals into China, according to global chemical market intelligence service ICIS pricing.

($1 = €0.67)

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By: Peh Soo Hwee
+65 6780 4359

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