Malaysia’s Petronas to shut Kuantan MTBE plant on 18 April

08 February 2011 04:27  [Source: ICIS news]

SINGAPORE (ICIS)--Malaysia’s Petronas will shut its 300,000 tonne/year methyl tertiary butyl ether (MTBE) plant in Kuantan, Pahang state, for a month-long turnaround starting on 18 April, a source close to the state-owned oil major said on Tuesday.

Meanwhile, Petronas was running the plant at 100% capacity, the source added.

Asian MTBE prices have been underpinned by tight supply, with spot premiums hovering at the high $20s/tonne (€15/tonne) to market quotes on a delivered (DEL) basis, traders said.

($1 = €0.74)

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By: Felicia Loo

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