Iran's PCC eyes more PX exports to China in Q3

23 February 2011 09:41  [Source: ICIS news]

SINGAPORE (ICIS)--Iran’s Petrochemical Commercial Co (PCC) has set its sights on exporting more paraxylene (PX) to the key Chinese market by the third quarter of 2011 after it restarts its 180,000 tonne/year unit at Bandar Imam, a company source said on Wednesday.

PCC’s Bandar Imam unit has been shut since April 2009 after an unexpected glitch at the facility.

“We [have] brought in the required catalyst for the Bandar Imam unit but we are still trying to arrange for engineers to come in and perform the work,” the company source said.

He was unable to provide a timeline as to when the technical works could be completed, but said exports from the plant could resume by the third quarter.

“A Chinese purified terephthalic acid (PTA) maker has already shown keen interest to offtake additional PX from the third quarter of the year,” he added.

PCC shipped a total of 40,000 tonnes of PX to PTA makers in southeast Asia and China in February and was expected to move similar quantities in March, the company source said.

The company has another PX unit at Borzuyeh with a capacity of 750,000 tonnes per annum, the source said.

“We are running and will continue to run the Borzuyeh complex at around 70% of nameplate capacity,” he said.

Meanwhile, the company’s third PX unit in Bandar Imam, which has a nameplate capacity of 450,000 tonnes/year, was running at full tilt to supply its downstream PTA units.

For more on PX, visit ICIS chemical intelligence
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By: Bohan Loh
+65 6780 4359

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