China’s CSPC restarts Huizhou PO plant after shutdown‎

10 October 2011 10:56  [Source: ICIS news]

SINGAPORE (ICIS)--China’s CNOOC and Shell Petrochemicals Co (CSPC) has restarted its 320,000 tonne/year propylene oxide (PO) plant at Huizhou in Guangdong over the weekend, market sources said on Monday.

The company is ramping up the operating rates at the unit, the sources added.

CSPC took the plant offline on 26 September when a compressor glitch occurred at the producer’s 950,000 tonne/year naphtha cracker at the same site.

In addition, the company has restarted its downstream 200,000 tonne/year polyether polyol and 60,000 tonne/year monopropylene glycol (MPG) units, the sources said.

The producer shut the downstream units in line with the shutdown at the cracker on 26 September.

CSPC is a 50:50 joint venture between the China National Offshore Oil Corp (CNOOC) and Shell Petrochemical.

The current domestic prices of PO have increased by around yuan (CNY) 100/tonne ($16/tonne) to CNY15,900-16,100/tonne DEL (delivered) east China after market players in the country resumed trading after a week-long holiday, industry sources said.

($1 = CNY6.38)

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By: Chan Jingyi & Vikki Shen
+65 6780 4359



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