11 November 2010 09:20 [Source: ICIS news]
SINGAPORE (ICIS)--Zagros Petrochemical Co (ZPC) is planning to shut one of its two methanol plants at ?xml:namespace>
The two 1.65m tonnes/year plants each, called Zagros I and II, are running at 60-70% due to a shortage of power and water.
It was not possible to run the two plants - with a combined capacity of 3.3m tonnes/year - simultaneously at full rates due to the utilities shortage, the source said.
It was not clear which plant would shut, although it was likely to be Zagros I as it had not undergone maintenance for some time and was the older of the two, added the source.
No firm dates were established, the source said.
Operating rates would be decreased slowly at the chosen plant from possibly early December, hence the company did not have much material to sell on a spot basis, the source said.
ZPC is 50% owned by the state-run National Petrochemical Company of
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