05 August 2010 08:52 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan’s Nan Ya Plastics plans to restart its 350,000 tonne/year No 3 monoethylene glycol (MEG) unit in Mailiao on 7 August, slightly behind its original plan due to facility problems, a company source said on Thursday.
The unit was shut on 5 July for one month of scheduled maintenance, the source said.
Meanwhile, the company was expected to cancel a planned August shutdown of its 400,000 tonne/year No 2 MEG unit, located at the same site, as it had purchased ethylene feedstock.
“We have bought some ethylene, [which is] on the way and it is expected to arrive in a few days,” the source said.
Nan Ya Plastics relies on feedstock ethylene supply from its parent company, Formosa Petrochemical Corp (FPC), whose 700,000 tonne/year No 1 cracker was expected to be restarted in late September or early October after a blast in early July shut down the plant.
Nan Ya was also planning to take its 350,000 tonne/year No 1 MEG unit at Mailiao, off line in late September or early October for two months of scheduled maintenance.
The move was in line with an annual shutdown at Formosa’s 1.03m tonne/year No 2 ethylene cracker, the source added.
Nan Ya had recently informed its major clients about a 15-20% reduction in contract supplies in August due to reduced MEG supply, he added.
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