ZPC’s Assaluyeh Zagros II methanol closed for maintenance

22 April 2010 14:42  [Source: ICIS news]

LONDON (ICIS news)--Zagros Petrochemical Co (ZPC) has shut its Zagros II methanol plant at Assaluyeh, Iran, for a planned maintenance turnaround, a source at the company said on Thursday.

The 1.65m tonne/year facility went offline on 21 April and will be down for approximately 11 days, the source said.

Little impact was expected to result from the closure.

“This was expected, it’s nothing new. I don’t think it will have much effect on prices [in Europe],” said a trader.

The turnaround comes at a time when European, and indeed global, demand is widely regarded as flat with supplies balanced to long.

ZPC is 50% owned by the state-run National Petrochemical Company (NPC) of Iran. Other shareholders are the National Iranian Oil Company (NIOC) Pension Fund (17%); Chimi Pooshineh Industrial Group (16.5%); and Alyaf Morvarid Trading Co. (16.5%).

For more on Zagros’ plants, visit ICIS plants and projects
For more on methanol visit ICIS chemical intelligence 
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By: Ross Yeo
+44 208 652 3214

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