China's Yangzi Petchem shuts PTA unit for nine-month turnaround

01 March 2012 03:32  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Yangzi Petrochemical, a subsidiary of Sinopec, has shut its 350,000 tonne/year No 2 purified terephthalic acid (PTA) unit at Nanjing in eastern China’s Jiangsu province for a turnaround that will last nine months, a company source said on Thursday.

The plant, which was shut on 1 March, will be upgraded during the shutdown to meet the national energy saving and emission reduction standard, the source said.

The monthly PTA production loss is around 30,000 tonnes, the source added.

During the shutdown, Sinopec will sell the plant’s 45,000 tonnes/month of feedstock paraxylene (PX), the source said, adding that Sinopec has already allocated all the PX to other PTA producers in China.

Yangzi Petrochemical’s 350,000 tonne/year No 1 PTA plant will also be shut for a nine-month turnaround after the completion of the No 2 shutdown, the source said.

The company runs a third 600,000 tonne/year PTA unit at the same site, but there are no shutdown plans for the unit in 2012, the source added.

The shutdown is not expected to affect PTA prices because of oversupply, said another Chinese PTA producer.

By: Becky Zhang
+65 6780 4359

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