China’s NZLC restarts PO plant, to ramp up operations

30 March 2012 12:27  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Ningbo ZRCC Lyondell Chemical Co (NZLC) restarted its propylene oxide (PO) plant on Thursday, a source close to the company said on Friday.

The plant, in Ningbo, Zhejiang province, eastern China, which produces PO using the styrene monomer/propylene oxide (SM/PO) process, has a nameplate capacity of 285,000 tonnes/year of PO and can produce up to 620,000 tonnes/year of SM.

The source added that the unit is currently running at reduced rates and that the company will be ramping up its operating ratio gradually.

The unit was shut on 19 March due to a fault in its catalytic tower, market sources said.

However, the short outage made little impact on the market, where prices were falling because of sluggish demand.

Early in the week, domestic PO prices in east China were heard at yuan (CNY) 12,200–12,500/tonne ($1,940–1,990/tonne) on a DEL basis, marking a decline of CNY100–300/tonne over the previous week, according to industry sources.

NZLC is a joint venture between Netherlands-based chemical producer LyondellBasell and Zhenhai Refining & Chemical Co (ZRCC), a subsidiary of China’s petrochemical giant Sinopec.

PO’s major use is for the production of polyether polyols in making polyurethane plastics

($1 = CNY6.30)

By: Chan Jingyi
+65 6780 4359

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