08 December 2010 07:34 [Source: ICIS news]
SINGAPORE (ICIS)--Japan’s Nippon Nyukazai is expected to start up its 30,000 tonne/year butyl glycol ether (BGE) plant in Kashima, Ibaraki prefecture, at the end of the first quarter next year, industry sources familiar with the project said on Wednesday.
The company’s feedstock supply of ethylene oxide and n-butanol (NBA) would be supplied via pipeline from Mitsubishi Chemical’s Kashima-based plant, they added.
Meanwhile, the sources confirmed an earlier report that Mitsubishi Chemical would permanently idle its 30,000 tonne/year BGE plant at Yokkaichi, Mie prefecture, in late December this year.
“From January to March, supply of butyl glycol from Japan will be very tight,” said a trader.
BGE prices were assessed at $1,750–1,790/tonne (€1,313–1,343/tonne) CFR (cost & freight) China on 8 December, up from $1,740–1,780/tonne CFR China in the previous week, ICIS data showed.
BGE is used as a solvent in cleaning products and paint.
($1 = €0.75)
With additional reporting by James Dennis
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