China's BASF-YPC to shut MEG plant on 16 April

06 April 2012 04:56  [Source: ICIS news]

SINGAPORE (ICIS)--China’ BASF-YPC plans to shut its 300,000 tonne/year monoethylene glycol (MEG) plant at Nanjing in Jiangsu province on 16 April for routine maintenance, a company source said on Friday.

The plant also produces 30,000 tonnes of diethylene glycol (DEG) annually, the source added. DEG is a co-product of MEG.

The company is planning to restart the plant in early May, and the DEG output will fall by 1,500 tonnes during the shutdown period, the source said.

The shutdown will have a limited impact on China’s DEG spot market as high inventory of China’s market, the source added.

The company had a shutdown plan in March-April and only now have finalised the date for the turnaround.

BASF-YPC is a joint venture between German chemical major BASF and Sinopec, with each company holding a 50% stake.

Additional reporting by Becky Zhang

By: Lizzie Wang

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