Mab Ta Phut Olefins to start up cracker by late February/March

03 February 2010 09:26  [Source: ICIS news]

SINGAPORE (ICIS news)--Mab Ta Phut Olefins Company is on track to start up its new 900,000 tonne/year naphtha cracker in Thailand by late February or early March, a source close to the company said on Wednesday.

The company is a joint venture between Thailand’s largest conglomerate Siam Cement Group (SCG) and US major Dow Chemical.

Rayong Olefins (ROC), which operates an 800,000 tonne/year naphtha cracker in the same area, is also an existing joint venture between SCG and Dow.

The impending start-ups of new ethylene plants in southeast Asia during the first quarter led to a cautious sentiment, market sources said.

There was a strong buyer resistance to selling targets for ethylene at above $1,400/tonne (€1,008/tonne) CFR (cost and freight) SE (southeast Asia) this week, they added.

Shell Chemicals is also expected to start up its new 800,000 tonne/year naphtha cracker in Singapore within the first quarter of the year.

($1 = €0.72)

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By: Peh Soo Hwee
+65 6780 4359



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