23 April 2012 09:06 [Source: ICIS news]
The company, along with other Iran-based producers like Zagros Petrochemical, has been encountering difficulties in securing vessels since March because international sanctions have tightented against the Middle Eastern country.
“Indian customers are asking us for cargoes but we have none for April shipment because our problem is finding suitable vessels as a result of the sanctions,” the company official said, adding that previously sold acetic acid cargoes could be delayed.
Fanavaran Petrochemical’s acetic acid plant is currently operating at 90-95% of capacity, he said.
“We are finding solutions now but we may have to opt for operating rate cut or shut the plant down in the future but we don’t know when,” said the company official.
Sources close the company said that cutting run rates or shutting down production at the Bandar Imam acetic acid plant may happen by the middle of May.
Fanavaran Petrochemical supplies 10,000 tonnes of acetic acid per month to
Major acetic acid producers in Asia include US-based
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