Malaysia’s Petronas shuts MTBE plant for turnaround

18 April 2011 08:15  [Source: ICIS news]

SINGAPORE (ICIS)--Malaysia’s Petronas shut its 300,000 tonne/year methyl tertiary butyl ether (MTBE) plant in Kuantan, Pahang state, on Monday for a regular turnaround that will last up to 19 May, a source close to the state-owned oil major said.

“The plant was shut this morning. The maintenance will last 32 days,” the source said.

Asian MTBE prices have been buoyant on the back of tight supply, with prices rising to $1,220-1,230/tonne (€842-849/tonne) FOB (free on board) Singapore from $1,060-1,070/tonne FOB Singapore a month ago, ICIS data showed.

($1 = €0.69)

For more on MTBE, visit ICIS chemical intelligence

By: Felicia Loo

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