South Korea's ISU Chemical to start up IPA line next month

22 December 2011 06:57  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s ISU Chemical is expected to start up a 30,000 tonne/year isopropanol (IPA) line in Ulsan in early January 2012, a company source said on Thursday.

The new plant will double the producer’s current IPA capacity to 60,000 tonnes/year, the source said.

ISU Chemical, the smaller of the two IPA producers in South Korea, will use acetone as a feedstock for the new line as with its existing plant, the source added.

Market participants said the company is likely to try growing its exports to the key Chinese market, but is likely to face strong competition from domestic producers.

“IPA prices have been weak this year because of the ample supply of competitively priced local product,” a source based in China said.

“Next year, the market may continue to be tough because of economic uncertainty,’’ the source added.

In China, Super Chemical started up a 50,000 tonne/year plant in Jiangsu province in October, while Taixing Jianye brought on stream a 30,000 tonne/year IPA/isopropylamine swing plant at the same site in April.

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By: Yeow Pei Lin

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