11 March 2011 07:56 [Source: ICIS news]
(adds details, fire at Ichihara complex)
SINGAPORE (ICIS)--A major earthquake struck
Fire erupted at
Some of the country's petrochemical operations have shut for safety reasons, market sources said.
JX Nippon Oil and Energy has shut all its paraxylene (PX) units in Kashima and Kawasaki following an 8.9-magnitude quake that hit
The Kashima PX facility has a combined nameplate capacity of 600,000 tonnes/year, while the Kawasaki PX facility has a nameplate capacity of 350,000 tonne/year.
Company officials could not be reached for comments at the time of writing.
Tokyo Electric Power Co shut down its 460 megawatts (MW) and 784 MW
“It is a big one this time and quite bad. We don’t know the extent of the damage yet and will have to wait and see. But all petrochemical plants will obviously have to stop operating,” said a trader from Marubeni.
The quake struck the northeast coast of
JX Energy has a 145,000 bbl/day refinery at
USGS earlier put the magnitude of the quake at 7.9 but revised it up to 8.9.
Asian benzene prices jumped by $20/tonne (€15/tonne) on Friday afternoon following the news of the earthquake, market sources said.
Benzene prices were hovering at $1,145-1,155/tonne FOB
Additional reporting by Pearl Bantillo, Ong Clive, Leslie Tan, Felicia Loo, Mahua Chakravarty, Helen Yan, Bohan Loh, James Dennis and Nurluqman Suratman
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