Indonesia’s Kaltim plans Bontang methanol unit maintenance

11 June 2010 14:30  [Source: ICIS news]

SINGAPORE (ICIS news)--Indonesia’s Kaltim will carry out maintenance at its 660,000 tonne/year methanol plant in Bontang from 4 October to 12 November, a company source said on Friday.

Kaltim had postponed a planned shutdown of the unit to the fourth quarter of 2010 from January-February because of strong methanol demand.

Market players welcomed this move due to tight supply woes in the country ever since the other Indonesian producer, PT Medco Methanol Bunyu shut down in early 2009.

Deals had been heard this week in the $270/tonne (€221/tonne) CFR (cost and freight) Indonesia, roughly stable from last week. This, however was trading at a premium to regional values at $250-255/tonne CFR Southeast Asia.

The other regional methanol producer is Petronas.

($1 = €0.82)

For more on methanol visit ICIS chemical intelligence
Please visit the complete ICIS plants and projects database
To discuss issues facing the chemical industry go to ICIS connect

By: Heng Hui
+65 6780 4359

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly