Malaysia’s Titan Petchem reschedules cracker maintenance to Q4

11 January 2010 10:18  [Source: ICIS news]

SINGAPORE (ICIS news)--Malaysia’s Titan Petchem will reschedule the maintenance of its No 2 cracker, which will be taken off line for 30 days sometime in the fourth quarter, an industry source said on Monday.

The cracker, which is now running at its nameplate capacity of 400,000 tonnes/year, was originally planned for a shutdown in June, he added.

At present, Titan’s No 1 cracker of 300,000 tonnes/year is also operating at full steam because of a bullish naphtha market.

“Both crackers are operating at 100 percent,” said the source.

Benchmark naphtha crack spread soared to $170.63/tonne (€118/tonne) above Brent crude futures, the strongest since 22 Dec amid robust petrochemical demand in China.

($1 = €0.69)

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By: Felicia Loo

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