Taiwan’s CAPCO shuts No 5 PTA plant for scheduled maintenance
08 March 2012 09:06 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>Taiwan’s China American Petrochemical Company (CAPCO) shut its 400,000 tonne/year No 5 purified terephthalic acid (PTA) plant on 7 March for planned maintenance, a company source said on Thursday.
The plant, which is located at Lin Yuan in Kaohsiung, will be shut for two weeks for safety checks, the source said.
The shutdown is not related to the current poor margins in PTA production, according to the source.
“Margins are poor, but demand [remains] healthy,” the source said.
The company recently restarted its 250,000 tonne/year No 2 PTA unit at the same site. The plant was idle for four months from late October last year because of unfavourable market conditions, the source added.
CAPCO’s 700,000 tonne/year No 6 PTA plant at Taichung will be taken off line in early April for two weeks of maintenance for a safety inspection, the source said.
The major producer operates six lines in total, namely five in Kaohsiung and the plant at Taichung, with a combined nameplate capacity of 2.1m tonnes/year. Among the five units in Kaohsiung, four plants have a capacity of 250,000 tonnes/year each, while fifth facility has a capacity of 400,000 tonnes/year.
CAPCO is a joint venture between UK-based BP, which holds a 61.4% stake, and Taiwan’s CPC Corp, which owns the remaining share.By: Becky Zhang+65 6780 4359
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