Iran’s Karoon Petrochemical keeps TDI unit idle

08 September 2010 09:11  [Source: ICIS news]

SINGAPORE (ICIS)--Iran Karoon Petrochemical (KRNPC) will keep the country’s first toluene diisocyanate (TDI) facility in Bandar Mashahr idle until further notice, a company source said on Wednesday.

The new TDI plant, with a nameplate capacity of 40,000 tonnes/year, had started up in April this year but was shut after a month-long production.

The source declined to give reasons why the company was keeping the plant off line.

However, the company was offering spot material from its current inventories.

Spot offers were heard at $2,550-2,600/tonne (€2,015-2054/tonne) CFR (cost and freight) China and $2,500/tonne CIF (cost, insurance and freight) India, local traders said.

However, they remained resistant to the spot offers being uncertain about a totally new product, they added.

At the same site, the methyl di-p-phenylene isocyanate (MDI) plant has just started construction and is expected to start up in two years, the source said, adding that the capacity remained unknown.

($1 = €0.79)

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By: Ong Sheau Ling
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