Thailand’s base oil production unaffected by floods

13 October 2011 07:19  [Source: ICIS news]

SINGAPORE (ICIS)--Thailand’s IRPC and ThaiOil, the two major base oil producers in the country, are running their plants normally despite massive floods in most of its provinces, company sources said on Thursday.

Considered as Thailand’s worst in 50 years, the floods have swept across 60 of the country’s 77 provinces over past two months, killing at least 281 people and shutting down production at hundreds of factories.

The Thai capital of Bangkok is on “red alert” as floodwaters from the central provinces are expected to break through the protective barriers built around the city, media reports said.

Thailand’s Integrated Integrated Refinery Petrochemical Complex (IRPC) is running its 350,000 tonne/year Group I base oil plant in Rayong province normally because it is situated far away from the flooded region.

Similarly, ThaiOil is also operating its 300,000 tonne/year Group I base oil plant at Sriracha in Chonburi province normally, a company source said.

However, local demand of base oil from downstream lubricant plants has been hit hard by the floods, market sources said.

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By: Whitney Shi
+65 6780 4359

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