S Korea’s Sam Nam shuts No 2 PTA unit on mechanical outage

04 January 2012 03:34  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s Sam Nam Petrochemical shut its 350,000 tonne/year No 2 purified terephthalic acid (PTA) plant at Yeosu over the new year holidays because of mechanical outage at its heat exchanger, a company source said on Wednesday.

Sam Nam plans to restart the No 2 PTA unit on 5 January, and run it at a reduced rate of around 65% for 10 days to allow for facility adjustments, the source said.

The company recently restarted its 350,000 tonne/year No 1 qualified terephthalic acid (QTA) plant at the same site in the middle of December after being shut for one and a half month on poor margins.

Sam Nam is a joint venture that was set up by Japan’s Mitsubishi Chemical, which holds a 40% stake in the company, and South Korean companies Samyang Petrochemical and GS-Caltex Oil, which hold a 40% and 20% share respectively.

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By: Becky Zhang
+65 6780 4359

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