24 June 2011 04:49 [Source: ICIS news]
SINGAPORE (ICIS)--Thailand’s TOC Glycol expects to restart its 390,000 tonne/year monoethylene glycol (MEG) plant in the middle of July following a planned turnaround, a company source said on Friday.
The unit, located at Mab Ta Phut in Rayong province, was shut on 1 June, the source said.
“We have prepared inventory for our contracted customers and also bought some cargoes from the spot market in advance,” the source said.
He added that the ongoing shutdown will not have much impact on the market price.
TOC Glycol is the only MEG producer in Thailand. It is a subsidiary of PTT Chemical, which is Thailand's largest olefins maker.
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