30 June 2010 22:07 [Source: ICIS news]
Around 30,000 tonnes of production would be lost from the 8-9 day outage, the source at Southern Chemical said.
Southern Chemical is the marketer for Methanol Holdings Trinidad Limited (MHTL), the operator of the 1.9m tonne/year M5000 plant as well as four others in Point Lisas in Trinidad that give it a total combined capacity of 4m tonnes/year.
MHTL was confident of a quick restart on Friday because the repair work involved minor welding not near the reformer unit, the source said.
While the plant needed to be cooled somewhat for the work to be done, it did not go completely cold - giving the restart a better chance of a smooth run.
"We're in a good position with stock, so it did not stop the loading of ships," the source said.
News of the outage comes soon after the restoration of the 1.7m tonne/year Atlas plant in Trinidad after a 45-day shutdown, an event that took more than 200,000 tonnes of production out of the market and caused spot prices to spike higher in May.
Sources said word of the M5000 outage had not yet produced any spot price reaction in the US Gulf.
The bid-offer range was at 90-92 cents/gal, steady with the level seen earlier before the news broke. The range was down from 91-94 cents/gal earlier in the week.
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