Japan's Kyowa Hakko restarts oxos plant

13 May 2010 08:34  [Source: ICIS news]

SINGAPORE (ICIS news)--Japanese producer Kyowa Hakko restarted its oxo-alcohols plant in Yokkaichi, Mie prefecture, on 25 April after a maintenance turnaround, a source close to the company said on Thursday.

“The plant was perhaps running at full capacity even though current inventories were very low,” the source added.

The producer was eyeing higher prices for butyl glycol post turnaround, with offers cited at $1,660/tonne CFR (cost and freight) Japan on the back of firmer production costs. However, market players said these levels were hard to achieve in the local market and that a workable level would be around $1,620/tonne CFR Japan.

The plant, which produces 130,000 tonnes/year of 2-ethylhexanol (2-EH) and 120,000 tonnes/year of n-butanol (NBA), was shut on 13 March for a 45-day turnaround.

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